HC Deb 04 April 1963 vol 675 cc77-8W
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 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.

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