HC Deb 08 November 1966 vol 735 cc276-8W
Mr. Galbraith

asked the Mister of Transport if she will give the investment expenditure for British Railways for each year since 1947, together with her estimates for each of the next five years, showing separately investment in rolling stock.

Mr. Swingler

I would refer the hon. Member to the Answer given to the hon. Members for Worcester (Mr. Peter Walker) and Chippenham (Mr. Awdry)

on 27th May, 1966, for figures up to 1965. The estimated out-turn for 1966 is £110 million, including £4 million for ancillary activities and £42 million on rolling stock. For 1967 a total investment allocation of £102 million (including some £8 million for ancillary activities) has been agreed with the Railways Board; of this it is estimated that about £29 million will be spent on rolling stock. We are not at present able to forecast the level of the Board's capital expenditure after 1967.—[Vol. 729, c. 197.]