§ Mr. Bruce-Gardyneasked the Secretary of State for Industry whether he regards 10 per cent. or some lesser figure as representing a satisfactory return on capital employed by Rolls-Royce (1971) Ltd.; and whether, for the purposes of 278W achieving such satisfactory return in 1981, or some later year, this is regarded as constituting the acceptable target rate.
§ Mr. Michael MarshallMy right hon. Friend intends to establish a target rate of return on capital employed when the shares of Rolls-Royce Ltd. have been transferred to the Department and after discussions with the new chairman on his plans for improving the financial prospects of the company.