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Public Sector Trading Results

Volume 893: debated on Monday 9 June 1975

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asked the Secretary of State for Industry what is the latest available figure in annual terms for the pretax trading profit or deficit, before payment of interest, of the public sector of industry.

There follows the latest available information for profits or losses made by public sector undertakings for which I am responsible. Because accounting methods differ in the shipbuilding industry, it is not possible to distinguish interest charges in particular cases; otherwise the figures shown are before payment or receipt of interest.