§ Sir C. Osborneasked the Minister of Transport what have been the total losses and the capital expenditure in the transport industry since nationalisation; and what has been the approximate increase in price per unit charged for its services.
§ Mr. John MorrisAfter off-setting the surpluses of the London Transport Board, the British Transport Docks Board and the Transport Holding Company, the losses of the British Transport Commission and the successor undertakings totalled approximately £1,110 million in the period 1948 to 1964. Total expenditure on fixed investment amounted to about £1,980 million over the same period.
It is not possible to answer the second part of the Question since the transport industry provides a miscellany of services and there is no suitable uniform measure of output.