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Economic Survey (Railwayexpenditure)

Volume 474: debated on Thursday 27 April 1950

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asked the Chancellor of the Exchequer what was the amount of expenditure on day-to-day repairs to the permanent way and rolling stock of the railways which has been excluded from the Economic Survey for 1950 so far as capital expenditure is concerned; and what was the amount so included in capital expenditure in the Economic Survey for 1949.

The value of day-to-day repair and maintenance of permanent way which has been excluded from the figures of capital investment in the railways in the Economic Survey for 1950 is about £20 million a year. The cost of running repairs to rolling stock and other plant and machinery which has also been excluded is about £75 million a year. Both these items were included in the main table showing investment in the railways on page 51 of the Economic Survey for 1949. In the estimate of total gross fixed investment in Table 7 of the 1949 Survey, however, the expenditure on running repairs to rolling stock and other plant and machinery was excluded.