§ Mr. Ralph Howellasked the Secretary of State for the Environment if he will publish a table giving the details, for each year since 1968, of each grant and subsidy paid to British Railways, including grants for investment purposes, and the annual value to the revenue account of debts previously written off.
443W
§ Dr. GilbertOn the assumption that debt falling due for repayment would have been immediately refinanced at the prevailing rate for terms then current for BRB, the annual reduction in interest payments by the board consequent upon the capital reconstructions under the
The information on grants is:
GRANT SUPPORT TO BRITISH RAILWAYS BOARD—(Powers relate to transport act 1968 Unless Otherwise Stated) £m.—outturn prices 1969 1970 1971 1972 1973 1974 1975 REVENUE Transport Act 1968— Section 39 … … 61.1 61.8 64.2 63.8 81.4* 137.1* — Section 20(4) … … — — — 8.2 9.4 14.5 19.7 (Section 20(8)) … … — — — (7.5) (7.5) (10.2) — Section 40 … … 15.0 12.0 7.5 6.0 1.8 — — Section 57 (Research) … … 0.4 1.2 1.4 1.4 2.0 1.8 2 Transport (Grants) Act 1972 … … — — — 27.0 — — — Appropriation Act (Revenue only) … … — — — 51.6 157.8 — Railways Act 1974— EEC Regulation 1191/69 … … — — — — — — 299.3*† EEC Regulation 1192/69 … … — — — — — — 9.3* Pensions Section 5 … … — — — — — — 48.6 Pensions Section 7 … … — — — — — — 13.9 Appropriation Act … … — — — — — — 67.1* Total Revenue … … 76.5 75.0 73.1 106.4 146.2 311.2 459.9 CAPITAL Appropriation Act (capital element) … … — — — 32.0 20.4 57.2 — Section 56 (infrastructure)—Transport Act 1968 … 0.3 0.5 0.6 9.4 14.9 23.6 11.2 Pensions Section 7—Railways Act 1974 — — — — — 34.7 Total Capital … … 0.3 0.5 0.6 41.4 35.3 80.8 45.9 Grand Total of Grants … 76.8 75.5 73.7 147.8 181.5 392.0 505.8 * Provisional. † Includes support to investment in passenger infrastructure charged to revenue account, estimated at approximately £100 million for 1975.