HC Deb 03 February 1969 vol 777 c12
3. Mr. Edward M. Taylor

asked the Minister of Transport what deficit was incurred by British Railways in 1968.

Mr. Carmichael

The British Railways Board's final accounts for 1968 are not yet available, but the Board provisionally estimates that its total deficit for the year was about £147 million.

Mr. Taylor

In view of the substantial write-offs of capital under the Transport Act and the subsidies that are provided for, does the Minister anticipate that in 1969 the Railways Board will break even or possibly make a surplus?

Mr. Carmichael

We anticipate that with the realistic opportunity which is being given to the Railways Board under the Transport Act there is every possibility and hope that it will break even.

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