71. Mr. Ivor Thomasasked the Chancellor of the Exchequer whether in pursuance of the policy described in Cmd. 7321 and the example set in the Colonial Development Corporation and the Overseas Food Corporation, he will lay down a standard maximum salary of £5,000 a year for full-time service with a nationalised industry, whether on the board or in an executive post; and take steps to ensure that salaries in excess of this standard will be reduced by agreement with their recipients or otherwise as opportunity permits.
§ Sir S. CrippsThe salaries of the chairmen and members of the public184W boards were fixed at the level necessary to obtain men with the qualifications and experience required for these highly responsible posts having regard to the current salaries obtainable for similar posts in the field of private enterprise. I do not think that it would be practicable to work to a specific limitation as suggested.