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Mr. Grocott
asked the Chancellor of the Exchequer what have been the payments to the Government from public dividend capital over the last ten years.
Mr. Joel Barnett
Following is the information in respect of the only four bodies to which public divided capital has been issued:
DIVIDENDS RECEIVED ON PUBLIC DIVIDEND CAPITAL | ||||||||||
£ million | ||||||||||
1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | |
British Steel Corporation | — | — | — | — | — | — | — | — | — | *15·9 |
British Overseas Airways Corporation | — | 3·5 | 5·3 | 10·0 | 12·5 | 13·0 | 4·9 | 3·3 | — | — |
British Airways Board | — | — | — | — | — | — | — | — | *4·4 | *6·1 |
Industrial Re-organisation Corporation | — | — | — | — | — | 0·8 | 0·5 | — | — | — |
* Net of Advance Corporation Tax. |