§ Mr. Wigleyasked the Secretary of State for Wales what advice or directions he has given to the Welsh Development Agency modifying the guidelines issued by him to that agency on assuming office.
§ Mr. Nicholas EdwardsNo formal advice or directions have been given to the Welsh Development Agency modifying the guidelines on site development and factory building and on industrial investment which came into force on 15 May 1980 and on 30 June 1980 respectively.
§ Mr. Wigleyasked the Secretary of State for Wales what is the current target rate of return on capital investment which his Department requires the Welsh Development Agency to achieve on its industrial investment.
§ Mr. Nicholas EdwardsThe financial duties relating to the investment functions of the Welsh Development Agency from 1 April 1981 are currently under consideration. The existing duties were made known to the House by the then Secretary of State for Wales on 3 August 1978.—[Vol. 955, c. 661–3.]