HC Deb 07 February 1978 vol 943 c486W
Mr. Michael Marshall

asked the Secretary of State for Energy, pursuant to his reply to the hon. Member for Arundel, Official Report, 16th December 1977, column 527, why the National Coal Board has not been given financial target rates of return on average net assets in the last 10 years as envisaged in the White Paper of 1967 entitled "A Review of Economic and Financial Objectives", Command Paper No. 3437.

Mr. Eadie

Paragraph 35 of Command Paper No. 3437 recognised that targets might be set in other terms than a return on net assets. The target set was considered appropriate in the light of the financial circumstances of the industry.