Catalogue description Ministry of Transport: Finance, Transport and Shipping (FTS Series) Files

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Details of MT 132
Reference: MT 132
Title: Ministry of Transport: Finance, Transport and Shipping (FTS Series) Files
Description:

This series contains files relating to the financing of the railways, shipping, canals, ports, road transport and statutory undertakers, including the nationalised transport industries. The subject matter includes economic planning, civil defence and the financing of the Channel Tunnel.
Date: 1922-1974
Held by: The National Archives, Kew
Former reference in its original department: FTS Series
Legal status: Public Record(s)
Language: English
Creator:

Ministry of Transport, Finance Division General, 1959-1962

Ministry of Transport, Finance Transport and Shipping (FTS), 1962-1969

Ministry of Transport, Finance Transport Services, 1969-1971
Physical description: 181 file(s)
Access conditions: Subject to 30 year closure unless otherwise stated
Immediate source of acquisition:

from 1998 Department of the Environment, Transport and the Regions

from 1988 to 1997 Department of Transport
Administrative / biographical background:

The Finance, Transport and Shipping (FTS) Division was created in 1962 under a departmental reorganisation of the Finance and Accounts Group. It originally had responsibility for railways, shipping, shipbuilding, canals, ports, road transport and statutory undertakings, including the nationalised transport undertakings. In 1964, the Division aquired responsibility for the financing involved with the Channel Tunnel.

In 1965 responsibility for merchant shipping and shipbuilding finance was transferred to the Board of Trade and in 1967, responsibility for railways and canals was transferred to the Finance, Nationalised Industries and Investment Division. At the same time, the Division aquired responsibility for safety. In 1969, the remaining shipping functions were transferred to the Board of Trade, financing of the Channel Tunnel was transferred to the Channel Tunnel Administrative Division and the Division was renamed Finance, Transport Services.

The Division was dissolved in 1971 as a result of a departmental reorganisation by the Ministry of Transport's successor, the Department of the Environment.

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