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Mr. Ellis Smith
asked the Secretary to the Treasury if he will set out in tabular form the total national income for 1947, the amounts paid in loans and subsidies to each service and industry during the
| CENTRAL GOVERNMENT SUBSIDIES AND LOANS | ||||
| £ million | ||||
| — | 1960 | Total 1947–1960 | ||
| Subsidies: | ||||
| Housing | 91 | 998 | ||
| Agriculture and food | 257 | 4,451 | ||
| Fuel and power | — | 17 | ||
| British Transport Commission | 78 | 78 | ||
| Other transport and communications | 6 | 117 | ||
| Other industry and trade | 1 | 126 | ||
| Total subsidies | 433 | 5,787 | ||
| Loans | Repayments | Loans | Repayments | |
| Loans to private industry, etc.: | ||||
| Agriculture | — | — | 4 | 3 |
| Fisheries | 6 | 3 | 25 | 8 |
| Aluminium and magnesium production (Canada) | — | — | 24 | — |
| Uranium production (South Africa) | — | 3 | 17 | 11 |
| Industry in Development Areas | 6 | — | 27 | 4 |
| Fuel saving equipment | — | 1 | 5 | 3 |
| Schools and universities | 1 | — | 9 | 2 |
| Building societies | 37 | — | 45 | — |
| Other (1) | — | 3 | 3 | 21 |
| Total | 50 | 10 | 159 | 52 |
| Net lending to Public Corporations: | ||||
| Fuel and power industries | 245 | 1,553 | ||
| Transport and communication | 201 | 903 | ||
| Housing and New Town Corporations | 25 | 352 | ||
| Iron and Steel | 9 | 182 | ||
| Other Corporations (2) | 3 | 113 | ||
| Total | 483 | 3,103 | ||
| (1) Includes advances and repayments under the Trade Facilities Acts, advances and repayments in Northern Ireland for private housing and education, the capital element of Northern Ireland land annuities (repayments), and repayments under the Land Settlement Acts. | ||||
| (2) Includes the Raw Cotton Commission, the National Film Corporation, the National Research Development Corporation, the Colonial Development Corporation, the Overseas Food Corporation and the Sugar Board. | ||||
last financial year, and the total amount so paid since 1946.
Sir E. Boyle
The gross national product, at factor cost is estimated at £9,387 million in 1947 and £22,292 million in 1960. The table below gives the information requested in respect of subsidies and loans for the calendar year 1960 together with cumulative totals for the years 1947 to 1960 inclusive. Loans to local authorities and to overseas Governments have been excluded. All the figures and definitions correspond to those used in the National Income Blue Books.