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 Mr Philip Lloyd-Greame Mr Philip Lloyd-Greame , Hendon

It is because I have most carefully examined the experiences of the War and I found in regard to aircraft that without allowing anything for capital, it cost three times as much to buy an aeroplane from a Government factory as from a private factory manufacturing similar aeroplanes, that I should hesitate to repeat the experiment.