§ 1. Mr. GEORGE LAMBERTasked the First Lord of the Admiralty if the British Construction Company. Barn-staple, Devon, is working under the Admiralty; and, if so, whether the terms of payment are for results achieved or whether payments are made on a cost plus percentage basis?
§ The PARLIAMENTARY SECRETARY to the ADMIRALTY (Dr. Macnamara)Yes, Sir; contract terms have been arranged with the firm named for five reinforced concrete barges, and provide for payment of actual cost of labour, materials, and establishment charges (as verified by Admiralty accountants) plus a fixed sum for profit. The firm have also accepted an order for five concrete tugs, on the condition that they will leave to the Admiralty final decision as to terms of contract and price.