HL Deb 19 March 1981 vol 418 cc954-5WA
Lord Harris of High Cross

asked Her Majesty's Government:

What has been the total cost over five-year periods since 1965 of issues of public dividend capital for each nationalised industry, all figures to be expressed in terms of constant 1979 survey prices.

Lord Cockfield

Following is the information:

£ million 1979 survey prices
April 1965 to March 1970 April 1970 to March 1975 April 1975 to March 1980
British Steel Corporation 2,029* 80 3,207†
Post Office — — 22
British Airways Board 208║ 302 132
British Aerospace — — 108‡
British Shipbuilders — — 201
* Of which, 580 (200 at current prices) was written-off under the Iron and Steel Act 1972.
†Includes subscriptions of capital under Section 18 of the Iron and Steel Act 1975.
║Issued to British Overseas Airways prior to its incorporation in British Airways.
‡Of which, 50 was provided as a grant to British Aerospace in 1978–79 and converted to PDC in 1979–80.