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Nationalised Industries (Borrowing)

Volume 885: debated on Friday 7 February 1975

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asked the Secretary of State for Trade if he will list the overseas borrowings of the nationalised industries for which he is responsible in each of the last 10 years, together with the value of their exports for the same years, and the value of their imports of capital goods and services.

The British Airports Authority was established in April 1966. It has undertaken no foreign borrowing. There were no imports of capital

£ million
1964–651965–661966–671967–681968–69
Overseas loans outstanding at 31st March each year (sterling equivalents)Not available16·228·6
Imports of capital equipment (aircraft and initial spares)5·05·04·010·812·8
£ million
1969–701970–711971–721972–731973–74
Overseas loans outstanding at 31st March each year (sterling equivalents)48·396·2123·0107·0112·6
Imports of capital equipment (aircraft and initial spares)12·768·660·511·530·9
Exports1971197219731974
Earnings overseas208·0267·0317·0382·0
less operating expenses overseas115·0144·0176·0230·0
Net balance of payments contribution93·0123·0141·0152·0