§ Mr. Tebbitasked the Secretary of State for the Environment (1) what was the rate of return in the last year for which accounts are available on the assets employed in the National Freight Corporation;
(2) what is the estimated target set for the National Freight Corporation expressed as a rate of return on assets employed for the current financial year;
(3) whether he has agreed the corporate plan for the financial years ending in 1976, 1977 and 1978 in respect of the activities of the National Freight Corporation, and, if so, what targets he has set;
(4) what are the latest estimated trading results for the current year for the National Freight Corporation.
§ Dr. GilbertI would refer the hon. Member to my reply on 21st January to a Question by my hon. Friend the Member for Carlisle (Mr. Lewis). This announced inter alia that the National Freight Corporation expected to record a £30 million loss in 1975, and that a review was being undertaken into the ways in which the Corporation could eliminate its deficit. A further statement will be made when these studies are completed.—[Vol. 903, c.455.]