§ Mr. Goldingasked the Secretary of State for Trade and Industry what target percentage return on capital has been set for the British Overseas Airways Corporation in the present year; and how that target has been calculated.
§ Mr. Anthony GrantB.O.A.C.'s financial objective covers the six year period from 1st April, 1966 to 31st March, 1972. It is to achieve not less than an average return (before charging interest and taxation) of 12½ per cent. on net assets over the period.