HC Deb 25 January 1955 vol 536 cc11-2W
Mr. Roy Jenkins

asked the Chancellor of the Exchequer whether he will give an estimate of gross domestic fixed capital formation by companies and public corporations in 1938, on analogous lines to the estimates for post-war years given in the official publications on national income and expenditure.

Mr. R. A. Butler

Gross domestic fixed capital formation in 1938, analysed by sectors of the economy in the same way as in Table 43, item 5, of "National Income and Expenditure, 1946 to 1953," is estimated to have been as follows:

£ million
Persons 193
Companies 264
Public corporations 10
Central government:
(a) trading 26
(b) other 9
Local authorities:
(a) trading 38
(b) other 116
Total 656

The total of £656 million is a revision in the light of later researches of the rough estimate of £600 million given in the Annual Abstract of Statistics No. 91, Table 282.

The bodies classified as "Public corporations" in 1938 were the Central Electricity Board, the British Broadcasting Corporation, the Electricity Board for Northern Ireland, the London Passenger Transport Board, and the Scottish Special Housing Association.

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