§ Lord Harris of High Crossasked Her Majesty's Government:
How much public dividend capital has been issued each year since its introduction and what dividends have been received by the Treasury.
§ The Minister of State, Treasury (Lord Cockfield)The information sought is as follows:
1966–67 1967–68 1968–69 1969–70 1970–71 1971–72 1972–73 £m Public Dividend Capital issued 38.0 15.0 15.0 23.0 4.0 — 60.0 Dividend received by Treasury — — 10.0 13.2 13.5 4.9 3.2
1973–74 1974–75 1975–76 1976–77 1977–78 1978–79 1979–80 1980–81 £m Public Dividend Capital issued 11.3 160.0 437.8 562.3 531.0 1,229.9 1,571.6 1,353.1 Dividend received by Treasury 6.2 32.9 11.4 6.7 21.5 30.7 48.0 29.3 House adjourned at six minutes before ten o'clock.
556WAThe amounts of public dividend capital issued are gross issues and do not take into account amounts which have been written off by Parliament or conversions. Advances under Section 18 of the Iron and Steel Act 1975 are included in the figures. Details of amounts written off or converted in the year to public dividend capital are published annually in the Consolidated Fund and National Loans Fund Accounts—Supplementary Statements, together with details of amounts or public dividend capital currently outstanding. 1980–81 is the last year for which complete information is available. (HC 97 of 22nd December 1981).