The Committee was established by a Minute of the Lord President's Committee (L.P. (41) 2nd Conclusions, Minute 2), with terms of reference as follows:- (a) that the suggestions received from Departments regarding materials, charges, and services, of which the prices should not be increased without prior approval of the Lord President's Committee, should be examined by an ad h###c Official Committee; (b) that the Committee referred to above should prepare a Report for consideration by the Lard President's Committee at its meeting to be held on Friday, 7th February, 1941.