§ Mr. Hancock
asked the Prime Minister what were the salaries of the chairmen of state-owned industries on 1 January 1979 and in 1986; and what is the percentage difference in real terms.
§ The Prime Minister
The following table shows the salary of the chairman of each of the present nationalised industries at 1 January 1979 and 1 January 1986 together with the percentage difference in excess of the increase in the retail prices index during that period.11W
Col A Col B Col C Salary at 1 January 1979 Salary at 1 January 1986† Change in excess of increase in retail prices index* £ £ Per cent. National Bus Company 8,820 50,000 22.2 (2 days a week) Scottish Transport Group 9,372.50p 22,500 29.4 (2½ days a week) (2½ days a week) Civil Aviation Authority 16,896 41,580 32.7 (4 days a week) (4 days a week) South of Scotland Electricity Board 18,740 49,500 42.4 North of Scotland Hydro Electric Board 9,370 22,000 26.6 (2½ days a week) (2½ days a week) Regional Water Authorities not a nationalised industry 18,295–35,480 (2½ to 4 days a week) British Waterways Board 7,445 16,038 16.1 (2½ days a week) (2½ days a week)
* Where time input has channged the percentage figure has been adjusted accordingly.
† In addition to the basic salaries shown above for 1986 the Chairmen of the British Steel Corporation, British Shipbuilders, the Post Office and the British Airports Authority are eligible for performance bonuses.