HC Deb 24 November 1975 vol 901 cc55-6W
Mr. Sillars

asked the Secretary of State for the Environment what has been the central Government write off of London Transport debt in the past 15 years.

Dr. Gilbert

£14.4 million under the provisions of the Transport Act 1962 upon the establishment of the London Transport Board; and £269.8 million under the provisions of the Transport (London) Act 1969 and the Transport (London) Amendment Act 1969 upon the establishment of the London Transport Executive. In addition, there was a revenue deficit of £10.5 million in 1969 which was met by Government grant.