§ Mr. C. Morrisonasked the Minister of Transport if he will state the yearly investment expenditure on British Railways from 1948 to 1964, inclusive, showing separately for each year the amount spent on rolling stock.
§ Mr. MarplesThe figures are as follows:
INVESTMENT EXPENDITURE ON BRITISH RAILWAYS FROM 1948 TO 1964 — (1) Investment Expenditure on British Railways (a) (2) Investment on Rolling Stock (included in column (1)) (b) £m. £m. 1948 (c) … 38 29 1949(c) … 41 31 1950(c) … 41 31 1951 (c) … 45 35 1952 (c) … 39 27 1953 (c) … 53 38 1954 … 65.0 49.4 1955 … 70.9 56.9 1956 … 88.4 67.8 1957 … 125.6 91.9 1958 … 140.7 88.3 1959 … 167.6 99.1 1960 … 162.8 87.0 1961 … 145.9 74.8 1962 … 115.3 64.3 1963 … 90.8 48.1 1964(d) … 105 46 NOTES:
(a) Excludes investment on railway ships, ports, hotels and other services.
(b) Comprises railway locomotives, coaching vehicles, freight vehicles and containers; road collection and delivery vehicles; service vehicles.
(c) Because of accounting changes only estimates can be given for these early years.
(d) Forecast of expenditure in 1964.