§ Mr. Galbraithasked the Minister of Transport if he will state the yearly investment expenditure on British Railways from 1948–64 inclusive, showing separately for each year the amount spent on rolling stock, and estimates for the next five years.
§ Mr. Tom FraserThe figures for the years 1948 to 1964 are given below. For 1965 a total investment allocation of £130 million (including some £4 million300W for ancillary activities) has been agreed with the British Railways Board; of this it is estimated that about £62 million will be spent on rolling stock. Investment after 1965 will depend on progress with the reshaping measures and the demand on national resources generally.
INVESTMENT EXPENDITURE ON BRITISH RAILWAYS FROM 1948 TO 1964 (1) (2) INVESTMENT EXPENDITURE ON BRITISH RAILWAYS (a) Investment in Rolling Stock (included in column (1) (b) £m. £m. 1948 (c) … … 38 29 1949 (c) … … 41 31 1950 (c) … … 41 31 1951(c) … … 45 35 1952(c) … … 39 27 1953 (c) … … 53 38 1954 … … 65.0 49.4 1955 … … 70.9 56.9 1956 … … 88.4 67.8 1957 … … 125.6 99.1 1958 … … 140.7 88.3 1959 … … 167.6 99.1 1960 … … 162.8 87.0 1961 … … 145.9 74.8 1962 … … 115.3 64.3 1963 … … 90.8 48.1 1964(d) … 105 46 Notes
- (a) Excludes investment in ancillary activities, i.e. railway, ships, ports, hotels and other services.
- (b) Comprises railway locomotives, coaching vehicles, freight vehicles and containers; road collection and delivery vehicles; service vehicles.
- (c) Because of accounting changes only estimates can be given for these early years.
- (d) Forecast of expenditure in 1964.