Nationalised Industries and Local Authorities (Fuels)

Part of Oral Answers to Questions — Ministry of Power – in the House of Commons at 12:00 am on 25th May 1965.

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Photo of Mr Frederick Lee Mr Frederick Lee , Newton 12:00 am, 25th May 1965

No. I think that I broadly answered this, as I said, in my reply to the hon. Member for Yeovil. Of course, the nationalised industries have a duty to break even on a year-to-year basis, but they also have other duties of a social nature, which were recognised in the former Government's White Paper on the Financial and Economic Obligations of the Nationalised Industries.