§ Sir W. Bromley-Davenport
asked the Minister of Transport what is the total amount of loss sustained by British Railways since nationalisation until the present day; and what is the total 78W amount of money advanced to British Railways by the Government during that period.
§ Mr. Marples
The accumulated revenue deficits of British Railways for the years 1948 to 1962 inclusive amount to about £874 million. Advances made to the British Transport Commission by the Government towards revenue deficits comprised £302 million loans and £392 million grants. In addition, net Exchequer loans to the Commission for capital purposes amounted to £691 million.
Since 1st January, 1963, £20 million grants have been made to the British Railways Board on account of deficit accrued in 1963.