§ 57. Mr. BOSSOMasked the Minister of Transport the total registered capital of the London Passenger Transport Board holdings; and how much of this is held by municipal or public bodies?
§ Mr. HORE-BELISHAThe total capital of the London Passenger Transport Board issued and outstanding at 30th June, 1935, was £111,535,454, of which £9,835,036 was issued at 4½ per cent. L.A. stock (1975/2023) to certain local authorities as consideration for the transfer of their undertakings. This stock is still held by the authorities concerned. I am unable to state what amount of other stocks of the board is now held by municipal or public bodies, but I am informed that £189,050 of A, B and C transport stock, in approximately equal proportions, was issued to two local authorities as consideration for the transfer of their undertakings.
§ 58. Mr. BOSSOMasked the Minister of Transport up to what amount the Government have expressed their willingness to guarantee the capital that may be needed for extension or improvements; and how much has been guaranteed for these purposes for the London Passenger Transport Board?
§ Mr. HORE-BELISHAThe maximum amount which the Treasury undertook to guarantee under the recent agreements with the London Passenger Transport Board and the main line railway companies was £66,500,000, of which the amount allocated to the London Passenger Transport Board was £28,000,000.