HC Deb 29 June 1966 vol 730 c265W
52. Mr. Alexander W. Lyon

asked the Minister of Transport whether she will take steps to vary the objects of the Transport Holding Company so that bus undertakings owned by the Company are no longer required to make a profit after they have provided for their costs and replacement of vehicles.

Mr. John Morris

No. This would provide no lasting relief to fares and would be inconsistent with the normal requirement that nationalised industries should produce a reasonable return on their capital.