Oral Answers to Questions — Royal Air Force. – in the House of Commons at on 8 March 1939.
Mr William Gallacher
, Fife Western
asked the Secretary of State for Air whether the 6 per cent. computed to be the standard profit per aircraft delivered to the Government is based on the original target price; and, if so, what is the average additional profit secured by firms for savings that are later made on this price, for quick-delivery bonuses, etc.?
Sir Kingsley Wood
, Woolwich West
The answer to the first part of the question is in the affirmative. As regards the second, it is estimated that any additional profits that might be secured in respect of savings would not exceed 2 per cent.
Mr William Gallacher
, Fife Western
Is it not the case that the 6 per cent. is profit for a given time, and that you can have this 6 per cent. occurring two or three times a year?
Sir Kingsley Wood
, Woolwich West
I gave a very careful reply on the matter the other day, and I would refer the hon. Member to it.
Secretary of State was originally the title given to the two officials who conducted the Royal Correspondence under Elizabeth I. Now it is the title held by some of the more important Government Ministers, for example the Secretary of State for Foreign Affairs.
