HC Deb 27 October 1965 vol 718 c63W
Mr. Popplewell

asked the Minister of Transport how it is proposed to give effect to the Government's assurance to the London Transport Board that it will not have to bear the loss in revenue caused by the postponement of fare increases planned by the Board for this year.

Mr. Tom Fraser

I intend to make payments to the Board during the remainder of 1965 totalling £3.85 million, the amount of the additional revenue which the Board estimated the proposed increases would have brought in by the end of the year. A Winter Supplementary Estimate making provision for these payments will be presented to the House early in the new session. Pending the availability of Supply they will be financed from the Civil Contingencies Fund.

The Government have not yet completed their examination of the conditions under which the Board operates. The House will be informed of their conclusions as soon as possible.

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