asked the Chancellor of the Exchequer what action he is taking to monitor the proposed cuts for 1977–78 for each of the nationalised industries which he announced in his answer to the hon. Member for Newcastle upon Tyne East (Mr. Thomas) on 27th July; whether the NCB has yet indicated to him how it proposes to cut its budget by £20 million; and if so, what is the nature of its proposals.

The investment programmes of the nationalised industries for 1977–78 will be monitored through the system of monthly and quarterly financial returns. I understand that the National Coal Board will defer certain capital projects and carry out a rigorous review of opportunities for economies in order to meet the agreed saving of £20 million at 1976 Survey prices.