HC Deb 20 July 1977 vol 935 c547W
Rear-Admiral Morgan-Giles

asked the Secretary of State for Industry whether he will publish, for those nationalised industries for which he is responsible, a list showing the latest available figures for the net assets deployed and the numbers of people employed in each.

Mr. Les Huckfield

Following is the information:

Net Assets Employed Numbers Employed
£m
Post Office 5,405† 420,665†
British Steel Corporation and subsidiaries 3,067‡| 207,900‡
British Aerospace and subsidiaries * 66,500§
British Shipbuilders and subsidiaries * 82,000¶
* British Aerospace and British Shipbuilders vested on 29th April 1977 and 1st July 1977 respectively. The net assets employed by each corporation cannot be determined until their commencing capital has been settled after payment of compensation for the companies acquired.
† As at 31st March 1976; the numbers employed exclude 21,299 sub—postmasters who are employed on an agency basis.
‡ As at 2nd April 1977.
§ As at 31st May 1977.
¶ As at 1st July 1977.

Back to
Forward to