HC Deb 26 March 1973 vol 853 cc256-7W
Mr. Norman Lamont

asked the Secretary of State for Social Services what is the percentage average gross return (capital appreciation plus income) per annum measured on a time weighted basis, allowing for withdrawals and new money being available, that has been earned on the hospital endowments funds since inception, and for the last five years.

Sir K. Joseph

The armithetical average percentage gross return per annum (capital appreciation plus income) earned on the fund from inception to 1971–72 was 3.8 per cent., and for the last five years 8.7 per cent.