§ Mr. Michael Marshall
asked the Chancellor of the Exchequer whether he has determined a new financial objective for the Royal Mint.
§ Mr. Ian Stewart
Yes. In accordance with the Government Trading Funds Act 1973, a new financial objective has been determined for the Royal Mint covering the period 1 April 1984 to 31 March 1987. A Treasury minute stipulating the new objective is being laid today. The objective is to achieve an annual rate of return which, when averaged over the period as a whole, will be equal to not less than 12 per cent. per annum in real terms.