§ Mr. Robert Atkinsasked the Secretary of State for Industry what is his latest estimate of the development and production costs of Concorde and production 165W receipts; and what is the net Government commitment to production expenditures.
§ Mr. Michael MarshallThe latest estimate of the manufacturers' total develop-
British expenditure French expenditure Both countries £m £m £m Actual costs from 29 November 1962 to 31 December 1978 at the prices and exchange rates prevailing when the costs were incurred 552 543(6,415 Fr m) 1,095 Estimated costs from 1 January 1979 to completion of programme at January 1979 prices and at an exchange rate of £1 = 8.5 francs 21 13 34 Totals 573 556 1,129 The latest estimates of the manufacturers' total production costs to the end of 1979 are £387 million in the United Kingdom and 3,429 million francs
Britain France £m Fr. m Actual costs to 31 December 1978 at the prices and exchange rates prevailing when the costs were incurred 346 3,209 Estimated costs from 1 January 1979 to 31 December 1979 at January 1979 prices and at an exchange rate of £1 = 8.5 francs 41 220 Totals 387 3,429 Without taking account of possible receipts from further sales or leases, the latest estimates of the manufacturers' receipts from the sale of aircraft, and from the sale or lease of engines and
Britain France £m Fr. m Actual costs to 31 December 1978 at the prices and exchange rates prevailing when income was received 129 1,494 Estimated costs from 1 January 1979 to 31 December 1979 at January 1979 prices and at an exchange rate of £1 =8.5 francs 17 41 Totals 146 1,535 At 31 March 1979, the Government's net commitment to Concorde production expenditure stood at £282 million, and net expenditure at £224 million.