§ Mr. Edward Evansasked the Economic Secretary to the Treasury whether he will revise the estimates of revenue and expenditure and surplus on current account of public authorities, as shown in Tables 24 and 25 of the Economic Survey, by giving figures for 1949 based on the Budget proposals.
§ Mr. JayThe information is given in the following Tables:
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COMBINED CAPITAL ACCOUNT, 1948 AND 1949 (TABLE 25 OF ECONOMIC SURVEY) £million — Forecast for 1949 — Forecast for 1949 at end 1948 prices 1948 at 1948–49 tax rates at 1949–50 tax rates 1948 Current Surplus of Public Authorities 427 415 400 Gross Capital Formation at Home 2,352 2,330 Transfers to private Capital Account 179 185 185 Plus External Investment (Foreign Balance) 120 — Additions to Company Tax Reserves (1) 165 140 90 Depreciation Allowances 825 900 950 Undistributed Profits 540 575 575 Personal Savings (2) 96 115 130 2,232 2,330 2,330 2,232 2,330 (1) Revised as explained in note 26 on page 50 of Cmd. 7649, National Income and Expenditure of the United Kingdom, 1946 to 1948. (2) The figures of personal savings are balancing items; that shown for 1949 is not a forecast but depends upon the assumptions made about the other items.