HC Deb 27 January 1966 vol 723 cc136-7W
Mr. Walter Harrison

asked the Minister of Transport (1) what has been the total amount of compensation paid to previous owners by British Railways to date;

(2) what is the amount of compensation still to be paid to previous owners by British Railways.

Mr. John Morris

British Transport Stock of a nominal value of £927,313,593 was issued as full compensation to the owners of the railway undertakings—other than the London Passenger Transport Board—vested in the British Transport Commission under the provisions of the Transport Act, 1947. All previous owners have therefore been compensated, though a small number have yet to claim the Stock certificates held by the Bank of England on their behalf.

Back to
Forward to