§ 77. Sir W. Wakefield
asked the Minister of Transport and Civil Aviation how much of the new capital required by British European Airways Corporation, since it was nationalised, has been provided by British European Airways Corporation itself; and how much has been provided out of public funds.
§ Mr. Watkinson
Between the date of its formation on 1st August, 1946, and 31st March, 1957, British European Airways' capital expenditure totalled £39,250,000. Of this sum, £16,250,000 was provided from internal sources, £16 million was raised by issues of stock to the National Debt Commissioners with Treasury guarantee and £7 million by advances from the Exchequer.