§ Mr. Peter Walkerasked the Minister of Transport if she will give the capital expenditure on British Railways for each year from 1948, and the estimates for each of the five years from 1966, showing separately investment in rolling stock.
§ Mr. Awdryasked the Minister of Transport if she will give the capital expenditure on British Railways for each year from 1948 and the estimates for each of the five years from 1966, showing separately investment in rolling stock.
§ Mr. John MorrisThe figures for the years 1948 to 1965 are given below. For 1966 a total investment allocation of £120 million (including some £4 million for198W ancillary activities) has been agreed with the British Railways Board; of this it is estimated that about £45 million will be spent on rolling stock. My right hon. Friend is not at present able to forecast the level of the Board's capital expenditure after 1966. Her developing policies for the railways will have some effect on this, as will the demand on national resources generally.
INVESTMENT EXPENDITURE ON BRITISH RAILWAYS FROM 1948 TO 1965 (1)Investment Expenditure on British Railways* (2)Investment in Rolling Stock(included in column (1))† £m. £m. 1948† … … 38 29 1949† … … 41 31 1950† … … 41 31 1951† … … 45 35 1952† … … 39 27 1953† … … 53 38 1954 … … 65.0 49.4 1955 … … 70.9 56.9 1956 … … 88.4 67.8 1957 … … 125.6 91.9 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 … … 101.1 48.9 1965 … … 113.9 55.8 Notes: * Excludes investment in ancillary activities, i.e. railway ships, ports, hotels and other services. † Comprises railway locomotives, coaching vehicles, freight vehicles and containers; road collection and delivery vehicles; service vehicles. ‡ Because of accounting changes only estimates can be given for these early years.