§ 117. Mr. Rentonasked the Minister of Transport and Civil Aviation his provisional estimate, in accordance with Section 14 of the Transport Act, 1953, of the capital loss on the disposal by the British Transport Commission of their road haulage undertaking; and over what period he has determined that instalments shall be paid to the Commission.
§ Mr. Boyd-CarpenterThe provisional estimate which I have made in accordance with Section 14 of the Transport Act, 1953, of the road haulage capital loss, on the basis of information relating to disposal transactions furnished to me by the Commission and their auditors, is £20 million. With the approval of the Treasury, I have provisionally determined as five years the period over which this sum, together with the sum of £1 million due to the Commission in respect of loss from disturbance, shall be paid by annual instalments.
§ 119. Mr. Callaghanasked the Minister of Transport and Civil Aviation if he has yet carried out his statutory obligation to make a provisional estimate of the total capital loss incurred in selling British Road Services; and what data he has used in view of the small number of lorries sold up to date.
§ 120. Mr. D. Jonesasked the Minister of Transport and Civil Aviation what estimate he has made of the amount to be paid to the British Transport Commission under Section 14 of the Transport Act, 1953, in respect of loss sustained by them from the disposal of their road vehicles, excluding the sum allocated for disturbance by severance.
§ Mr. Boyd-CarpenterIn accordance with the provisions of Section 14 of the Transport Act, 1953, I have made a provisional estimate of £20 million as the amount to be paid to the British Transport Commission in respect of the total capital loss. I used the information available at the date of my estimate relating to the book value of assets disposed of and the prices realised.