British Transport Commission

Part of the debate – in the House of Commons at 12:00 am on 18th October 1950.

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Photo of Mr William Shepherd Mr William Shepherd , Cheadle 12:00 am, 18th October 1950

Perhaps I did not make myself clear to the hon. Gentleman. I made two points. The first was that the cost ought not to be so high because most of the capital structure was achieved at a time when costs were low. I pointed out that to re-lay the railway tracks would now cost as much as the British Transport Commission paid for the whole of the railway undertaking. My second point was that it is an unfair comparison to talk about the general price level, and that we ought to compare the railway price level with that of a similar service or industry which depends upon indigenous products for its operation. I referred to steel as an example.