§ 20. Mr. Onslowasked the Minister of Technology whether his Department has yet completed the study of the problems related to incentive contracts; and whether he will make a statement.
§ Mr. BennWe are still at work on this problem. Wherever possible it is my Department's policy to negotiate incentive contracts for both production and research and development work.
§ Mr. OnslowWith particular reference to the aircraft industry, is the Minister still refusing to take into account the profit formula and the calculation of overheads in this matter?
§ Mr. BennThe question of the profit formula is, as the hon. Gentleman probably knows, a subject for separate discussion and does not relate specifically to the point in question.