§ Mr. Edenasked the Minister of Power why, in setting targets of performance with the nationalised industries, he requires electricity boards to produce a gross yield of 12½ per cent. on net capital employed, whereas gas boards are required to produce 10 per cent.
§ Mr. WoodThe financial objectives set for the gas and electricity boards were determined in the light of each board's particular circumstances, needs and capabilities in relation to the financial criteria laid down in the White Paper Cmnd. 1337. They took into account the fact that undertakings which are expanding fast and which have relatively large capital needs are expected to make a substantial contribution towards the cost of their capital development out of their own earnings.