For 1961, their accounting year, British Railways' deficit is estimated to be about £151 million. This figure includes some £15 million for interest on borrowings by the British Transport Commission to meet the revenue deficit of British Railways. Estimates of the railways' deficit for the twelve months ending 5th April, 1962, are not available.
Is not that figure of £151 million approximately £11 million more than the estimated loss, and can my right hon. Friend tell the House whether we shall be given a statement shortly as to the profit-earning prospects of British Railways in the next few years, if at all, having regard to the huge investment of new moneys in the railway system as part of the modernisation plan?[HON. MEMBERS: "Why not."] Yes, I am all for it, but when are they going to start showing a return on it?