§ 7. Commander Nobleasked the Minister of Works how much has so far been spent on the South Bank site of the Festival of Britain; what further expenditure is expected; how these figures compare with the original estimates; and how they will affect the final profit and loss account.
§ Mr. StokesAbout £2,500,000 has so far been spent on the South Bank Exhibition. The further expenditure on the South Bank Exhibition is estimated at under £4 million, much of which is already committed. The original estimate for the South Bank Exhibition given more than two years ago was about £6 million, but a general contingency was also provided from which part of the estimated increased expenditure will be met. As a result of other adjustments, it is anticipated that the profit and loss account of the Festival as a whole will not be affected. It is, however, not possible to be definite on this point since revenue depends largely on attendances, sales of publications, etc.
§ Mr. BossomCan the Minister state whether that figure includes the removal of all these things after it is over?
§ Mr. StokesMy impression is, yes; but I should like to make sure.
§ Mr. Duncan SandysDoes the Minister's statement mean that he is, so far as he can foresee, confirming the estimate of £6 million for the South Bank Exhibition?
§ Mr. StokesIf the right hon. Gentleman looks at the Question and Answer again he will see that it does not quite work out at that. Some things will cost more and some will cost less, but the overall figure will be inside the estimated total.