HC Deb 31 October 1979 vol 972 c548W
Mr. Grylls

asked the Secretary of State for Industry what is the financial duty of Rolls-Royce (1971) Ltd. for the coming financial year.

Sir Keith Joseph

The NEB has been given the financial duty of conducting its activities in relation to Rolls-Royce Ltd. with the aim of securing by 1981 a rate of return of 10 per cent. on capital employed in Rolls-Royce Ltd., and a progressive increase thereafter. In the years prior to 1981 the board is to maintain progress towards the 10 per cent. objective.