As the Beeching Report [0] itself states on page 6, in 1963 on gross revenues of £474.7m the total deficit was 33%; £-159.3m (net receipts £-86.9m, interest and

As the Beeching Report [0] itself states on page 6, in 1963 on gross revenues of £474.7m the total deficit was 33%; £-159.3m (net receipts £-86.9m, interest and charges £49m, capital interest £23.4m), which is 1.3% of the 1963-64 Public Spending of £12,000m. [0] "The Reshaping of British Railways" http://www.railwaysarchive.co.uk/documents/BRB_Beech001a.pdf http://www.railwaysarchive.co.uk/documents/BRB_Beech001a.pdf