§ 66. Mr. Lindsayasked the Minister of Transport what, up to the most recent convenient date, is the total sum paid by way of compensation to A and B licence holders; what sum still remains outstanding; and by what date it is hoped to complete payment.
§ Mr. BarnesThe British Transport Commission have informed me that up to 28th February last sums totalling £13,685,175 had been paid to road haulage undertakings compulsorily acquired by the British Transport Commission. There was, on that date, a balance of £4,270,000 outstanding in respect of provisional ascertainments of compensation recently computed on the basis of information supplied by transferors. Some £2,500,000 of this will be paid when the next issue of Transport Stock is made on 1st April. The remainder will be settled as soon as the necessary legal formalities connected with the transfer of assets have been completed. Completion of further provisional ascertainments of compensation depends on the rendering by transferors of accounts and other essential information. The date by which the completion of all payments may be expected will depend largely on the speed with which such necessary information is furnished and on the number of the cases to be dealt with by the Transport Arbitration Tribunal.