Mr. Gresham Cookeasked the Minister of Transport what estimates she will make of the capital needed by the railways in each of the next five years for the replacement of obsolete rolling stock, the continued modernisation of track 270W and signalling, and other necessary investment, respectively.
§ Mrs. CastleIt is for the Railways Board to make estimates and proposals in such matters. The Government's function is to consider, on a proper economic basis and within the general limits imposed on public sector investment, to what extent capital will be made available.