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Railway Freight Rebates Fund

Volume 465: debated on Monday 30 May 1949

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asked the Minister of Transport when he proposes winding up the Railway Freight Rebates Fund; and what is the present balance in the fund and the approximate annual revenue.

I am not yet in a position to indicate when the Railway Freight Rebates Fund will be wound up. At the end of the last financial year of the fund, viz., 30th September, 1948, there was a credit balance of £1,513,487, of which £418,719 is being distributed in the current financial year. The present annual revenue of the fund is approximately £3,480,000.