§ 64. Mr. H. Hyndasked the Chancellor of the Exchequer what subsidies were paid from public funds in the last financial year to the railway, coal mining, air
SUBSIDIES FROM PUBLIC FUNDS IN THE FINANCIAL YEARS 1938–1939, 1944–1945 AND 1948–1949 IN RESPECT OF CERTAIN INDUSTRIES (a) — £ £ £ £ 1938–1939 (actual) 1944–1945 (actual) 1948–1949 (voted) 1948–1949 (actual) Railways … … … … Nil Nil Nil Nil Coal Mining … … … … Nil Nil Nil Nil Air Transport … … … … 1,193,367 385,138 7,700,000 8,966,956 Shipping … … … … 31,916 Nil 691,600 628,607 Agriculture … … … … 6,913,000 9,284,000 23,890,000 not available Iron and Steel … … … … Nil (b) 7,950,000 7,000,000
NOTES (a) The above list shows the amounts voted or paid for direct subsidies in respect of the industries concerned. It does not include losses on trading by Government Departments; nor does it include expenditure provided under general policies such as housing, social services, the training, resettlement and transference of labour, distribution of industry, cost of living, research, etc. (b) Prior to 1st April, 1946, subsidies were paid through the medium of the Central Fund set up during the war to provide for the difference between increased costs and stabilised selling prices. The Fund was provided partly by industry and partly from public funds, and the latter's contribution to Subsidies cannot be distinguished.