§ Mr. Frank Taylorasked the Secretary of State for the Environment what financial objective has been set for the British Transport Docks Board.
§ Mr. PeytonThe Board's present financial objective is to achieve by 1975 a return of not less than 9 per cent. on average net assets after provision for historic depreciation but before interests. The Board have budgeted for a return on net assets of 5½ per cent in 1971. To meet the financial objective they will accordingly have to improve the rate of return by approximately 1 per cent. per annum.