§ Mr. Stanleyasked the Secretary of State for Industry what is his understanding of productivity for the purposes of Clause 21(2) (l) of the Industry Bill.
§ Mr. MeacherMy understanding is that contained in Report No. 36 of the National Board for Prices and Incomes (Cmnd. 3311) that productivity is a relation between inputs and output.
§ Mr. Stanleyasked the Secretary of State for Industry what is his understanding of an estimate as to a state of facts which will obtain at a future specified date for the purposes of Clause 21(4) of the Industry Bill.
§ Mr. MeacherI understand by these words an estimate as to what the position will be at some specified future date in respect of any of the matters listed in Clause 21(2).