§ 52. Mr. Iremongerasked the President of the Board of Trade how much public money has been spent by the British Institute of Management in the last financial year; what losses have been incurred; and what will be the sum required for losses anticipated in this year.
§ Mr. DarlingThe Board of Trade made a Grant-in-Aid to the British Institute of Management of £38,500 in 1966–67 which has been increased to £50,000 for the current year. The Institute also receives a grant of £6,000 from the Ministry of Overseas Development. These grants are not made in order to cover losses but to support specific services of the Institute in the national interest.