67. Mr. Edward M. Taylor
asked the Minister of Transport by what percentage investment in British Railways this year will vary from the 1964 investment total at constant prices.
§ Mr. Marsh
Any direct comparison is affected by the transfer, under the Transport Act, 1968, of some railway activities to the National Freight Corporation and the Scottish Transport Group. After taking account of the likely investment in these transferred activities, the overall reduction will be of the order of 19 per cent.