§ 83. Sir D. Renton
asked the Minister of Transport what is the total sum collected from parking meters up to the latest date for which figures are available; what was the cost of installation, 110W maintenance and administration during that period; how much of the net sum available has been used to increase off-street parking; and whether he will make a statement on the financial implications of the parking meter system.
§ Mr. Tom Fraser
Up to 31st March, 1964, the total sum collected from parking meters was £2,753,584, of which £2,286,888 was collected in Greater London; local authorities' expenses, including tax, amounted to £2,050,626; just under half of the balance had by then been expended in the provision of off-street parking facilities. But such an aggregation of receipts and expenses on parking meters in all local authority areas, including Greater London, has little significance. Circumstances vary widely between areas. I would emphasise also that the primary object of meter schemes is not to maximise net revenue but to ensure that in areas of high demand for parking the available space is used fairly and effectively.