§ 4. Mr. Websterasked the Minister of Transport what is her estimate of the National Freight Corporation's profit or losses for 1968 to 1969 and 1969 to 1970.
§ The Minister of State, Ministry of Transport (Mr. Stephen Swingler)We expect the National Freight Corporation to be capable of operating on a financially viable basis from the outset, but it must be for the Corporation itself to make detailed revenue forecasts.
§ Mr. WebsterWhat will be the yearly cost of this new bureaucracy?
§ Mr. SwinglerI am not sure what the hon. Gentleman is talking about. We are discussing some of these matters in detail on the Transport Bill, but these are assets already in existence which are being transferred to the National Freight Corporation. For example, where they hold assets of the Transport Holding Company, it will be for the managers of the new concern to make the most successful financial results from their opportunities