§ 75. Sir W. Wakefield
asked the Minister of Transport and Civil Aviation how much of the new capital required by the British Transport Commission, since it was nationalised, has been provided by the British Transport Commission itself; and how much has been provided out of public funds.150W
§ Mr. Watkinson
The capital expenditure of the British Transport Commission on fixed assets since its formation on 1st January, 1948, amounts to about £730 million. Towards this about £430 million has been provided by the Commission itself from depreciation provisions, changes in the levels of internal funds and cash and investment resources; issues of British Transport Stock to the public under Government guarantee provided £200 million, and the balance of £100 million was met by the taking of Exchequer advances under Section 42 of the Finance Act, 1956.