§ Mr. Ridleyasked the Postmaster General if he will set out the amount of last year's investment in posts and telecommunications which passed the 8 per cent. discount rate, that which did not, and that for which no test discount rate could be worked out, respectively.
§ Mr. StonehouseMost Post Office capital projects are components of an integrated system and the return cannot be expressed except over broad sectors. On this basis and at the tariffs coming into force this year, all but a small proportion of 1967–68 investment should show an 8 per cent. return or better.