HC Deb 29 July 1975 vol 896 cc459-60W
Mr. D. E. Thomas

asked the Chancellor of the Exchequer what is the extent of current National Coal Board financial liability to central Government; what repayments in respect of this debt have been made over the last five years and principal, respectively; and what is the extent of the current National Coal Board debt, identified by class of creditor.

Mr. Eadie

I have been asked to reply:

At 30th June 1975, the latest convenient date, the National Coal Board's financial liability to central Government was £373–3 million. Repayments of principal of this debt and payments of interest over the last five financial years were:

Repayments during year Payment of interest Principal of loans outstanding at end of year
£m. £m. £m.
1970–71 50.2 36.2 675.1
1971–72 133.1 36.7 666.9
1972–73 37.6 39.9 839.6
1973–74 29.3 26.2 428.5
1974–75 27.0 27.1 407.4

At 30th June 1975 the National Coal Board debt was £514.9 million and the classes of creditors were:

Loans from Secretary of State 373.3
British clearing banks 3.6
Overseas loans 138.0