§ 2. Mr. BOOTHasked the Secretary to the Admiralty if any contracts have been placed on the basis of a guaranteed profit to the contractors, and to what amount; and whether any steps have been taken to check the costs in the interest of the taxpayers?
§ Dr. MACNAMARAA considerable number of contracts have been placed on the basis of payment of actual cost, plus an agreed rate of profit. The costs are carefully checked by Admiralty officers.