HC Deb 21 July 1976 vol 915 c497W
Mr. Ralph Howell

asked the Chancellor of the Exchequer if he will publish a table showing for each of the nationa

NATIONALISED INDUSTRIES
TABLE 1
Surplus (Deficit)*
£ million
Industry 1974–75 1975–76
National Coal Board … … … … —† 5.3†
Electricity (England and Wales) … … … … (257.6)
North of Scotland Hydro-Electric Board … … … … (2.3) 0.1
South of Scotland Electricity Board … … … … (20.4) 2.7
British Gas Corporation … … … … (44.2)
British Steel Corporation … … … … 65.5
Post Office … … … … (306.7)
British Airways Board … … … … (9.4)
British Airports Authority … … … … 3.8
1974 1975
British Railways Board … … … … (157.8)‡ 5.5‡
British Transport Docks Board … … … … 0.7 0.8
British Waterways Board … … … … (5.3) 8.0
National Freight Corporation … … … … (15.8) (31.0)
National Bus Company … … … … (12.3)§ (190)§
Scottish Transport Group … … … … (7.4)§ (3.3)§
* After depreciation and interest charges and, where applicable, extraordinary items, minority interests, taxation and dividend on public dividend capital. Before, where applicable, grants to meet deficits on revenue account, as well as compensation for price restraint.
† After taking account of social and operating grants totalling £68.2 million in 1974–75 and £32.4 million in 1975–76.
‡ After taking account of specific grants totalling £234.2 million in 1974 and £505.8 million in 1975.
§ The National Bus Company and Scottish Transport Group receive bus fuel tax grants and local authority revenue subsidies, both of which are substantial.
¶ Reports and Accounts not yet published.

TABLE 2
Compensation for Price Restraint*
Industry 1974–75 1975–76
Electricity (England and Wales) … … … … 257.6 †
North of Scotland Hydro-Electric Board … … … … 2.3 —
South of Scotland Electrity Board … … … … 20.4 —
British Gas Corporation … … … … 28.9 †
Post Office … … … … 307.0 †
* Payable under the Statutory Corporations (Financial Provisions) Acts 1974 and 1975. Amounts are shown under the years in which compensation has been credited in the industries' accounts.
† Reports and Accounts not yet published.