18. Major BARNESasked the President of the Board of Trade what were the costs of production upon which the standard prices in the Newcastle and Gateshead Gas Company's Order of 1920 was based; whether any reduction has occurred in these costs up to the present date; and, if so, to what extent?
§ Mr. BALDWINThe new standard prices were based upon detailed Schedules submitted by the company, showing the costs of, and incidental to, 1493 the production and supply of gas in the last financial year prior to the War, and at the date of the inquiry. The additional cost was found to be 7.8 pence per therm. I am not aware what are the costs at the present time.