asked the Chancellor of the Exchequer what requirements he imposes
The £9,562 million of advances to nationalised industries since 1945 and outstanding at 30th June, 1971, is made up as follows:
£ million | |
Post Office | 2,194 |
National Coal Board | 726 |
Electricity Council | 3,401 |
North of Scotland Hydro-Electricity Board | 204 |
South of Scotland Electricity Board | 391 |
Gas Council | 1,306 |
British Steel Corporation | 395 |
British European Airways Corporation | 160 |
British Airports Authority | 58 |
British Railways Board | 375 |
British Transport Docks Board | 117 |
British Waterways Board | 7 |
Transport Holding Company | 201 |
National Freight Corporation | 25 |
National Bus Company | 2 |
£9,562 |
All Her Majesty's Treasury non-departmental economic and social research is commissioned on a customer-contractor basis with every project covered by an individual research contract. Contracts set out the necessary terms of reference including stop clauses which would enable the agreement to be terminated should the work prove nonproductive or fail to reach an appropriate quality standard. Payments under a contract would be subject to the research developing at a satisfactory rate of progress over the time scale of the project and reaching a successful conclusion.Before a research project is commissioned the objectives and the methodology of inquiry are rigorously defined and effective departmental arrangements are made to monitor the progress of the work. To date, all research directly undertaken on behalf of H.M. Treasury has resulted in some useful contribution to departmental thinking and policy making.