Contracts (Control of Prices).

Part of Oral Answers to Questions — Royal Air Force. – in the House of Commons on 18th July 1935.

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Photo of Dr Christopher Addison Dr Christopher Addison , Swindon

40.

asked the Secretary of State for Air whether, in view of the fact that formal contracts are only now beginning to issue in which a clause is inserted by which the officers of the Ministry may examine and verify the costs of production, the standards of prices previously paid for aircraft supplies are being accepted as a guide for contracts now being issued; and what steps, if any, have been taken to ascertain the rate of profit provided for in such prices?