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Mr. Kenneth Lewis
asked the Chancellor of the Exchequer what limits have been set on the external financing of the nationalised industries for the financial year 1980–81.
Mr. Biffen
The limits are as follows:
| Nationalised Industries' External Financing Limits 1980–811 | |
| £ million | |
| National Coal Board | 834 |
| Electricity Council and Boards | 187 |
| North of Scotland Hydroelectric Board | 59 |
| South of Scotland Electricity Board | 73 |
| British Gas Corporation | -400 |
| British National Oil Corporation | 101 |
| British Steel Corporation | 450 |
| Post Office | 652 |
| British Airways Board | 230 |
| British Airports Authority | 20 |
| British Railways Board | 750 |
| British Transport Docks Board | -10 |
| British Waterways Board | 30 |
| National Freight Corporation | 24 |
| National Bus Company | 85 |
| Scottish Transport Group | 9 |
| British Shipbuilders | 120 |
| Notes: | |
| (1) No figure is included for British Aerospace in view of the prospect of selling shares in a successor company in 1980/81. In the case of British Airways and the National Freight Corporation limits have been set in view of the uncertainty about the timing of the proposed sales. As in the past, the forecast shown for BNOC does not represent a limit. | |
| (2) The limit for the Post Office is set before taking account of the expected inflow of funds in 1980–81, resulting from delayed billing following | |
| the recent industrial action by computer operators, and will be adjusted when the inflow is known accurately. |