§ Mr. Ellis Smithasked the Secretary to the Treasury if he will set out fully in tabular form the amounts paid in loans and subsidies to each service and industry during the last financial year, and the total amount since the end of 1946.
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§ Sir E. BoyleThe following table shows the principal loans and subsidies by the central Government in 1958 and in the period 1947 to 1958 inclusive. The figures follow the definitions used in estimates of National Income and Expenditure and relate to calendar years.
LOANS AND SUBSIDIES BY THE CENTRAL GOVERNMENT £ million — 1958 1947 to 1958 inclusive Loans (net) (a) To Public Corporations Coal 102 439 Electricity 158 438 Gas 21 70 Iron and Steel 7 163 Inland transport 207 406 Airways 37 83 Housing and new tows 33 297 Raw cotton -1 - 17 Development of overseas resources 5 102 Other 4 24 Total 573 2,005 To Local Authorities Housing - 11 2,008 To finance advances under the Small Dwellings Acquisition and Housing Acts — 190 Education - 9 195 Public Health - 1 89 Water supply — 110 Other loans(b) - 9 341 Total - 30 2,933 Total loans to public corporation and local authorities (c) 543 4,938 Subsidies Fuel and power industries — 17 Transport and communication 8 105 Housing 89 817 Agriculture and food 272 3,938 Other industry and trade 1 124 Total subsidies 370 5,001 (a) Advances less repayments. Figures preceded by a minus sign indicate an excess of repayments over new advances. (b) Loans for a variety of purposes not readily indentifiable and including all loans from the Northern Ireland Government Loans Fund. (c) In addition loans to other bodies—excluding loans to overseas governments—amounted to about £5 million net in 1958; the total for the period 1947 to 1958 is not readily available.