§ Sir D. Eccles
The annual grant last year was £89,850 and this year will be on the same terms, i.e. a block grant of £65,000 provided £100,000 is raised from industry, with an additional grant of £50 for every £100 of industrial income in excess of £100,000 up to a maximum additional grant of £25,000. This year in addition contributions will also be made under a maximum offer of £15,000 towards £30,000 required for a three-year scheme for making the results of research better known and encouraging their application; and under a maximum offer of £100,000 towards the capital cost of a new building for demonstration of new production engineering techniques augmenting the advisory services. The amounts given will depend on the support received from industry.