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External Finance

Volume 729: debated on Friday 27 May 1966

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asked the Minister of Transport if she will give the total external finance, by source, received by British Railways for each year from 1948.

Up to the end of 1962 British Railways were part of the British Transport Commission and separate figures of finance received are lot available. During this period the Commission received external finance from the following sources:

On Capital AccountOn Revenue Account
Stock £m.Loans by Minister £m.Loans by Minister(sub-sequently written off) £m.Grants by Minister £m
1948
1949
1950
195160
195260
1953
195480
195542
195640
19576194
195811297
195911286
19601452578
1961144128
196277186
The external finance received by the British Railways Board has been as follows:
FINANCIAL RESULTS OF THE PUBLICILY OWNED SECTOR OF THE TRANSPORT INDUSTRY SINCE 1949 UNDER THE BRITISH TRANSPORT COMMISSION
194919501951195219531954Table I 1955
WORKING RESULTS£m£m£m£m£m£m£m
British Railways10·625·233·338·734·616·41·8
Road Haulage: British Road Services1·5−1·13·31·78·98·74·3
Road Passenger Services: Provincial and Scottish4·53·74·14·15·15·35·7
London Transport Road Passenger Service3·61·7−1·40·30·62·03·0
London Transport Railways1·61·41·32·01·41·82·0
Ships3·12·92·91·91·01·12·0
Inland Waterways−0·3−0·3−0·3−0·2−0·1−0·2−0·3
Docks, Harbours and Wharves−0·8−0·10·82·42·52·63·0
Hotels and Catering.−0·2−0·6−0·3−0·1−0·5−0·1−0·5
Letting of Land and Buildings not in operational use2·12·32·22·22·42·83·2
Total25·735·246·052·955·740·424·2
INCOME FROM SUBSIDIARY COMPANIES (including travel and tourism companies)0·70·80·70·30·50·90·8
INCOME FROM NON-CONTROLLED UNDERTAKINGS1·71·61·41·41·41·51·6
CENTRAL AND OTHER CHARGES(NET)48·951·748·050·153·454·757·2
BALANCE FOR YEAR−20·8−14·10·14·54·2−11·9−30·6
On Capital Account Loans by MinisterOn Revenue Account Grants by Minister
£m.£m.
1963106
196415114
196535132
1966 (to 27th May)61
Temporary loans from bankers are not included in any of the figures.