§ Mr. R. C. Morrisonasked the Secretary of State for Air whether he will publish details of the cases of excessive profits in connection with Air Ministry contracts, referred to in the report of the Select Committee on Estimates?
Captain BalfourThe reference quoted by the hon. Member does not relate to individual contracts but to the suggested effect of large increase in turnover on aggregate profits, as disclosed in the annual accounts of companies engaged on aircraft and allied production.
The House has already been informed that negotiations have been concluded for a revision of the agreement which regulates the fixing of prices under contracts placed by the Air Ministry with the principal aircraft and aero-engine firms.