§ 57. Mr. Lipsonasked the Minister of Aircraft Production whether amounts in respect of employers' contributions to staff and works life assurance and pension 1261 funds are allowed to be included among overhead charges in fixing the prices of contracts?
§ The Parliamentary Secretary to the Ministry of Aircraft Production (Mr. Montague)Yes, Sir. Where it is the practice in the industry concerned for employers to make contributions of this description, they are included among overhead charges.
§ Mr. LipsonIs this quite fair to the public purse, and ought not this sort of thing to come out of the profits of the firm and not out of public money?
§ Mr. MontagueI do not want to express an opinion on a matter of that kind, but the hon. Member will appreciate that the question of the Excess Profits Tax comes into the matter.