National Bus Company

HC Deb 24 January 1972 vol 829 c340W

Mr. Merlyn Rees

asked the Secretary of State for the Environment whether the National Bus Company's financial objective to earn an average surplus of £8 million a year after providing for depreciation on an historic cost basis but before interest and taxation, and before providing for the difference between depreciation charged on the historic cost basis and the current cost of replacing its assets for the financial year 1971, is to apply to 1972 and for a period of years.

Mr. Peyton

No.

Mr. Bishop

asked the Secretary of State for the Environment what qualifications he seeks in persons appointed by him to the Board of the National Bus Company.

Mr. Peyton

Those set out in paragraphs 4 and 5 of Schedule 1 to the Transport Act, 1968.