§ Mr. Ernie Rossasked the Secretary of State for Industry if he will publish the surplus deficit of each nationalised industry in each of the past two years; what was the interest paid by each in each year; and what was the final surplus or deficit.
§ Mr. LawsonI have been asked to reply.
Following is the information:
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NATIONALISED INDUSTRIES Revenue Account Surpluses (Deficits)* £ million Before Interest Interest After Interest 1977.78 1978.79 1977.78 1978.79 1977.78 1978.79 National Coal Board … … … … … 107.9 118.6 87.0 138.0 20.9 (19.4) Electricity Council and Boards … … … … 570.7 675.2 437.9 423.8 132.8 251.4 North of Scotland Hydro-Electric Board … … 42.2 48.1 40.4 46.0 1.8 2.1 South of Scotland Electricity Board … … … 72.5 69.5 66.9 60.0 5.6 9.5 British Gas Corporation … … … … … 237.3 254.2 133.4 81.9 103.9 172.3 British Steel Corporation … … … … … (246.0) (101.7) 197.4 207.7 (443.4) (309.4) Post Office … … … … … … … 720.3 827.3 352.6 452.2 367.7 375.1 British Airways Board … … … … … 52.8 91.5 15.9 14.2 36.9 77.3 British Airports Authority … … … … 18.2 16.3 2.8 0.7 15.4 15.6 British Shipbuilders … … … … … (89.5) (57.6) 3.9 6.6 (93.4) (64.2) 1977 1978 1977 1978 1977 1978 British Railways Board … … … … … 70.0 55.5 43.0 49.1 27.0 6.4 British Transport Docks Board … … … … 14.1 13.5 6.8 6.5 7.3 7.0 British Waterways Board … … … … … (11.0) (12.6) 0.9 1.1 (11.9) (13.7) National Freight Corporation … … … … 2.8 10.9 12.3 10.6 (9.5) 0.3 National Bus Company … … … … … 21.6 30.7 12.0 13.0 9.6 17.7 Scottish Transport Group … … … … … 1.8 1.5 0.8 0.8 1.0 0.7 British National Oil Corporation … … … … 4.7 5.7 6.6 8.7 (1.9) (3.0) British Aerospace … … … … … … 35.9 36.0 6.5 7.5 29.4 28.5 * After depreciation and grants for specific purposes and, where applicable, extraordinary items, minority interests and taxation. Before, where applicable, special grants to meet deficits on revenue account and dividend on public dividend capital.