Brigadier Clarkeasked the Secretary of State for War what profits the Navy, Army and Air Force Institutes made during 1950 and 1951; and what is the estimated current rate of profits.
§ Mr. HeadThere was a net overall surplus for distribution of £496,572 in 1950 and of £457,309 in 1951, as shown in the published accounts. Current trading, which is affected by the service for Korea and by abnormal costs in Egypt, will probably result in a very small surplus for distribution.