§ Mr. Ellis Smithasked the Financial Secretary to the Treasury if he will give in tabular form the division between depreciation and initial allowances of the figure of £882 million for 1951 given as item 13 of table 1 of Command Paper No. 8486 and similar figures for the previous four years and for a few pre-war years.
§ Sir A. SalterSeparate figures for initial and for other depreciation allowances for 1938 and 1946 to 1950 were published in Cmd. 8203. These figures related to depreciation, including current provision for maintenance and repair of buildings. A division of the 1951 total is being prepared and will be given in the detailed estimates of national income to be published shortly. The estimate for 221W 1951 given in Cmd. 8486 excludes current provision for maintenance and repair of buildings.
§ Mr. Ellis Smithasked the Financial Secretary to the Treasury if he can give an estimate of the depreciation figure for 1951 applicable to item 13 of table 1 of Command Paper No. 8486, if converted to current prices.
§ Sir A. SalterI regret that it is not at present possible to frame reliable estimates of the value of depreciation of fixed capital at current replacement costs.