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Publicly-Owned Sector

Volume 729: debated on Friday 27 May 1966

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asked the Minister of Transport if she will publish a table showing the financial results for the publicly-owned sector of the transport industry for each year since 1949, showing separately where possible the British Railways, railway hotels, railway docks, British Transport docks, publicly-owned road haulage companies, publicly-owned road passenger transport companies, travel and tourism companies, inland waterways, and publicly-owned shipping services.

The following tables, which are derived from the published accounts of the British Transport Commission and its successor undertakings, give the breakdown as near as possible:

1956195719581959196019611962
WORKING RESULTS£m£m£m£m£m£m£m
British Railways−16·5−27·1−48·1−42·0−67·7−86·9−104·0
Road Haulage: British Road Services1·82·82·03·11·83·43·7
Road Passenger Services: Provincial and Scottish5·35·06·06·66·56·26·5
London Transport Road Passenger Service2·53·8−0·84·05·44·05·0
London Transport Railways2·01·92·62·02·43·73·0
Ships1·81·92·33·93·93·94·3
Inland Waterways−0·5−0·6−0·8−0·9−0·7−1o1−1·1
Docks, Harbours and Wharves2·52·42·22·83·64·13·7
Hotels and Catering.−0·20·1−0·10·40·50·80·7
Letting of Land and Buildings not in operational use3·33·24·04·75·05·35·4
Total2·1−6·5−30·8−15·4−39·2−56·6−72·7
INCOME FROM SUBSIDIARY COMPANIES (including travel and tourism companies)0·91·31·21·31·31·61·8
INCOME FROM NON-CONTROLLED UNDERTAKINGS1·51·51·51·51·61·61·7
CENTRAL AND OTHER CHARGES(NET)58·959·860·961·264·668·674·4
BALANCE FOR YEAR−54·4−63·5−89·0−73·8−100·9−122·0−143·6

Table II
INDEPENDENT UNDERTAKINGS
19631964

British Railways Board

£m.£m.
WORKING RESULTS
Railways (deficit)81·667·5
Ships4·75·1
Harbours0·20·2
Hotels0·91·2
Letting of land and buildings not in operational use2·32·3
WORKING DEFICIT73·558·7
OTHER EXPENDITURE LESS OTHER INCOME2·33·8
INTEREST58·158·4
DEFICIT FOR YEAR133·9120·9

London Transport Board

NET TRAFFIC RECEIPTS
Buses and Coaches3·11·3
Railways2·43·6
5·54·9
OTHER RECEIPTS (NET)2·32·5
WORKING SURPLUS FOR YEAR7·87·3
INTEREST5·76·0
BALANCE OF REVENUE FOR YEAR2·11·3

British Transport Docks Board

Operating Surplus4·54·7
Interest Charges3·03·1
Balance of Net Revenue before Taxation1·51·6
Taxation Reserve0·80·9
Balance after Transfer to Taxation Reserve0·70·7

British Waterways Board

Working Deficit0·50·5
Central Charges including Interest1·01·0
Deficit for year1·51·5

19631964
£m£m

Transport Holding Company

PROFITS OF SUBSIDIARIES
Road haulage companies4·77·3
Road passenger transport companies6·77·4
Shipping Companies0·70·5
Travel and tourism companies1·41·7
Manufacturing companies0·3
13·517·2

Deduct:

Interest receipts (net) from Transport Holding Company and profits applicable to minority shareholders1·21·6
12·315·6
INCOME FROM INVESTMENTS IN ASSOCIATED UNDERTAKINGS1·41·5
INTEREST RECEIPTS, less payments, of Transport Holding Company(other than from or to Subsidiaries or to Minister of Transport)0·20·6
13·917·7

Deduct:

Headquarters expenses of Transport Holding Company0·10·2
CONSOLIDATED PROFITS13·817·5
INTEREST PAYABLE TO MINISTER3·83·8
TAXATION3·65·1
REVENUE SURPLUS6·48·6

asked the Minister of Transport if she will give the total numbers employed in the publicly-owned sector of the transport industry for each year since 1948, and the latest figures

YearTotalLondon Transport BoardBritish Railways Board
1948873,257100,798648,740
1949894,79199,623624,528
1950888,44898,097605,455
1951888,07399,279599,890
1952880,50397,132601,381
1953865,44394,605593,768
1954831,22390,448577,183
1955801,19986,795563,040
1956805,97087,237570,547
1957806,27786,644573,499
1958773,91181,252550,123
1959735,53577,356518,863
1960728,88775,808514,500
1961713,81076,007500,434
1962687,84675,992475,222
1963677,24474,039464,286
1964633,28274,030422,167
1965597,73073,514387,663
1966 (up to end March.)588,63972,926379,356

available for 1966, showing separately those employed in London Transport and British Railways.