HC Deb 13 June 1979 vol 968 cc246-7W
Mr. Meacher

asked the Chancellor of he Exchequer what have been the surpluses or losses of each of the nationalised industries in each of the past three years.

Mr. Biffen

The following table gives the surpluses and losses of each of the nationalised industries, for the past three years for which their accounts have been published.

NATIONALISED INDUSTRIES
Revenue Account Surpluses (Deficits)*
£ million
1975–76 1976–77 1977–78
National Coal Board 5.3 27.2 20.4
Electricity Council and Boards 8.5 206.5 132.8
North of Scotland Hydro-Electric Bord 0.1 5.9 1.8
South of Scotland Electricity Board 2.7 22.3 5.6
British Gas Corporation 25.1 31.5 103.9
British Steel Corporation (254.9) (95.0) (443.4)
Post Office 147.8 290.6 367.3
British Airways Board (16.3) 35.1 32.5
British Airports Authority 5.2 1.9 5.4
British Shipbuilders (93.4)
1975 1976 1977 1978
British Railways Board 5.3 27.0 6.4
British Transport Docks Board 6.2 7.3 7.0
British Waterways Board (8.0) (9.9) (11.9)
National Freight Corporation (15.3) (9.5) 0.3
National Bus Company 5.8 9.6 17.7
Scottish Transport Group (0.9) 1.0 0.7
British National Oil Corporation (1.3) (1.9) (3.0)
British Aerospace 29.4 28.5
* After depreciation, interest and grants for specific purposes and, where applicable, extraordinary items, minority interests and taxation. Before, where applicable, compensation for price restraint, other special grants to meet deficits on revenue account and dividend on public dividend capital.
† Annual report and accounts not yet available.