asked the Secretary of State for Trade what has been the declared loss-gain and the capital write-off of British Airways for each year since 1960.

Details of the financial results of British Airways, British European Airways and the British Overseas Airways Corporation during this period are given in their respective annual reports and accounts, copies of which are available in the Library. £25 million of BEA's capital debt was written off in 1969. £110 million of BOAC's capital debt was written off in 1965, but £30 million of this was reconstituted as a capital reserve which was subsequently converted into public dividend capital.