§ 70. Mr. Goodhewasked the Minister of Technology what was the contract price for the Royal Navy Phantom aircraft when first ordered, and what is the price today, taking into account only those increases due to money inflation in the United States of America.
§ Mr. StonehouseThe agreements for the purchase of Spey Phantom aircraft for the Royal Navy are based on cost estimates provided by the United States Government. These include a factor of 3 per cent. per annum for inflation in the United States of America.