Mr. Eddie Griffithsasked the Secretary of State for Trade and Industry how much extra profit will be expected of the British Steel Corporation in the years 1973–74, 1974–75 and 1975–76, to capitalise 50 per cent. of its investment programme and to pay a dividend on the £500 million public dividend capital.
§ Mr. Anthony GrantThe financial objective that the corporation has been set is to achieve during the four years 1973–74 to 1976–77 an average return of 8 per cent. on its net assets, after charging depreciation but before charging interest, taxation and certain exceptional costs.