HC Deb 22 December 1964 vol 704 cc213-4W
64. Mr. Palmer

asked the Chancellor of the Exchequer how far the White Paper, Command Paper No. 1337, of April, 1961, on the financial and economic obligations of the nationalised industries, represents the policy of the Government.

Mr. Callaghan

The Government intend to retain and develop the system of financial objectives for the nationalised industries, following Command 1337. The Government's purpose in developing this will be to enable the nationalised industries to use their labour and capital with the greatest possible efficiency; and to contribute most effectively to the national objective of economic expansion. The existing financial target agreements between the Government and the individual nationalised undertakings will of course continue.