§ Mr. Gwynfor Evans
asked the Minister of Transport what was the average financial loss per route mile incurred on railways in 1968–69, and how much of this was attributable to interest liability.
§ Mr. Marsh
In 1968, the latest year for which information is available, the average financial loss per route mile on British Railways was £11,700 of which about £5,100 was attributable to interest. Under Section 42 of the Transport Act, 1968, the Board have now been relieved of a substantial part of this interest liability from 1st January 1969. These highly averaged figures of course give no indication of the profitability of individual services.