§ Mr. Deakins
asked the Chancellor of the Exchequer what rate of return on capital he insists on before approving projects for central Government expenditure.
§ Mr. Nott
For that category of Government projects which produce a financial return on benefits which can be valued, a rate of return of 10 per cent., in real terms, is normally expected, but is not the sole criterion. Approval of individual projects may depend on such factors as the availability of resources, and on costs or benefits which cannot be expressed in financial terms.