§ 37. Mr. Kenneth Baker
asked the Minister of Technology how much the Industrial Reorganisation Corporation 970 has invested in British industry since 1st January, 1970.
§ Mr. Baker
May I express the hope that this excellent record will continue throughout 1970 because is it not a fact that of the 18 major investments made by the I.R.C. no fewer than 14 of the companies concerned are now earning a lower return on capital employed than before the corporation made its investment?
§ Mr. Barnett
Will my right hon. Friend ignore the sort of comments we hear from hon. Members opposite, because one can look at figures the other way round, such as profit forecasts for A.E.I. before the I.R.C. and G.E.C. came on the scene, and then look at the return on capital before and since? But will my right hon. Friend promise that the corporation will not help the private airlines with money in order to keep them out of the hands of B.O.A.C.?