§ Mr. Hoosonasked the President of the Board of Trade what are the administration expenses of the Welsh Industrial Estates Corporation; what is their staff; and what percentage of annual expenses is covered by administration.
§ Mrs. Gwyneth Dunwoody:In the financial year ending 31st March, 1967, the administration expenses totalled £216,357 which were 5.8 per cent. of annual expenses. At 1st January, 1968, the staff totalled 341.
§ Mr. Hoosonasked the President of the Board of Trade what capital is employed by the Welsh Industrial Estates Corporation; how this capital is made up; and what interest charges are made against it.
§ Mrs. Gwyneth Dunwoody:The figure appearing in the Corporation's own balance sheet at 31st March, 1967, was £16,491,282; this represents the value of fixed assets, as depreciated, plus the balance of current assets over current liabilities. Notional interest is charged only in the Board of Trade account; it is calculated on an annual weighted average rate which for the year 1966–67 was less than 5 per cent.