Subsidies and Loans

HC Deb 20 July 1961 vol 644 cc153-4W

Mr. Ellis Smith

asked the Secretary to the Treasury if he will set out in tabular form the total national income for 1947, the amounts paid in loans and subsidies to each service and industry during the

CENTRAL GOVERNMENT SUBSIDIES AND LOANS
£ million
—	1960	Total 1947–1960
Subsidies:
Housing	91	998
Agriculture and food	257	4,451
Fuel and power	—	17
British Transport Commission	78	78
Other transport and communications	6	117
Other industry and trade	1	126
Total subsidies	433	5,787
	Loans	Repayments	Loans	Repayments
Loans to private industry, etc.:
Agriculture	—	—	4	3
Fisheries	6	3	25	8
Aluminium and magnesium production (Canada)	—	—	24	—
Uranium production (South Africa)	—	3	17	11
Industry in Development Areas	6	—	27	4
Fuel saving equipment	—	1	5	3
Schools and universities	1	—	9	2
Building societies	37	—	45	—
Other (1)	—	3	3	21
Total	50	10	159	52
Net lending to Public Corporations:
Fuel and power industries	245	1,553
Transport and communication	201	903
Housing and New Town Corporations	25	352
Iron and Steel	9	182
Other Corporations (2)	3	113
Total	483	3,103
(1) Includes advances and repayments under the Trade Facilities Acts, advances and repayments in Northern Ireland for private housing and education, the capital element of Northern Ireland land annuities (repayments), and repayments under the Land Settlement Acts.
(2) Includes the Raw Cotton Commission, the National Film Corporation, the National Research Development Corporation, the Colonial Development Corporation, the Overseas Food Corporation and the Sugar Board.

last financial year, and the total amount so paid since 1946.

Sir E. Boyle

The gross national product, at factor cost is estimated at £9,387 million in 1947 and £22,292 million in 1960. The table below gives the information requested in respect of subsidies and loans for the calendar year 1960 together with cumulative totals for the years 1947 to 1960 inclusive. Loans to local authorities and to overseas Governments have been excluded. All the figures and definitions correspond to those used in the National Income Blue Books.