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Nationalised Industries

Volume 827: debated on Monday 6 December 1971

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asked the Chancellor of the Exchequer how the £9,562 million of advances to the nationalised industries made since 1945 and outstanding at 30th June, 1971, is made up; and whether he will give details of the capital debt and revenue deficits amounting to £2,585 million written off during that period.

DateNationalised IndustryAmount
31st December, 1962British Transport Commission487·4
31st March, 1965National Coal Board415·0*
31st March, 1965British Overseas Airways Corporation110·0†
31st March, 1968British European Airways25·0
31st December, 1968British Railways Board1,262·1‡
31st December, 1968British Waterways Board15·5
1st January, 1970London Transport Board269·8
* Including £116 million in respect of revenue losses.
† Including £30 million reconstituted as a reserve, which has since been recapitalised.
‡ Including £705 million debt suspended under the Transport Act 1962 and finally written off under the Transport Act 1968.