On the Money Resolution, I would like to refer the Minister to the accounts of the ESB for the year ending 31st March last in so far as they are affected by this Bill. The purpose of the Bill is to raise the amount for both the special fund and the general fund from £32,000,000 to £37,000,000 and from £120,000,000 to £125,000,000 respectively. If the Minister will look at page 4 of the ESB accounts he will find this curious phrase: "the total investment for productive use at the 31st March was" and then follows a figure of £113,742,906. I find that hard to understand. The implication to be taken from it is that there are funds of the ESB invested unproductively.
I understood that the whole purpose and function of the ESB was to invest the money given to it in a productive fashion. I may have missed something but the manner in which that is phrased suggests to me that there are some moneys invested unproductively by the ESB and I am not prepared to give the Board of the ESB any further money until I know what are the unproductive investments.
In addition to that, I find the greatest possible difficulty in understanding the statement of capital contained in pages 22 and 23 of the Board's report. Originally, on page 4, we are told that the total fixed capital is £118,700,000. We then come to page 23 and we find that the outstanding balance of repayable capital is £79,889,000. That figure is apparently carried into the capital account on page 22, Account No. 9, and then the total of capital is set out as being £126,834,000. Again, I do not understand how the various figures are reconciled one with the other. It would be easy for me to go into very many other aspects of the ESB accounts but I do not propose to do so, because I am taking the view that this Bill is for the purpose of dealing with the capital of the Board and nothing more.
I should like to have some figures from the Minister before we give the Board a very substantial further sum of money or before we raise the permissive figure from £120,000,000 to £125,000,000. I should like to have some comparisons between the position here and in other countries. For example, let me take the position in the USA. In the USA, I am informed that the installed generating capacity is 174 million kilowatts for a population of 177,000,000 people. That is one kilowatt per person as I calculate the figures. In Canada, where the population is 17 millions, the installed generating capacity is 18 million kilowatts. In the United Kingdom, the percentage is down considerably; the installed generating capacity is 35,000,000 kilowatts and the population is 52,000,000, so that in the United Kingdom, it is in the ratio of only about .7 kilowatts per person. I do not know what our figures are here compared with our population. I do not know whether we are anywhere near the United Kingdom figure which, in itself, is very substantially below that for Canada or for the United States of America, or whether we are at the other end of the scale, which would be, I suppose, Japan where the installed capacity is about 21,000,000 kilowatts for a population of 92,000,000.
The Minister is coming to the House now for the purpose of getting substantially increased funds for the Board and it is, I think, essential we should know what our pattern is in relation to the rest of the world. In view of the immanence of the Common Market discussions, I should like to see where we are travelling in relation to capacity per population as compared with the other countries in the "Six". The availability of our resources in this and, of course, in other respects are matters we shall have to take into account. It is desirable we should have a picture showing where we stand in relation to these matters before this money is given. I have no doubt that the Minister, when deciding these additional moneys were necessary, gave the fullest consideration to our comparison with other countries. I hope he will give the House the benefit of the results of that consideration.