Provisions and implications of the British Industrial Training Act of 1964 (including the system of training grants and levies) are set forth. Procedures for accounting and budgeting for training costs, routines for collecting training information, documents (budgets, cost sheets, control statements) for collecting and controlling costs, means of estimating expenditures for training activities, and steps in planning the training function for optimum costs and benefits are also discussed. The point is stressed that, while data on how much training is done by a firm must be gathered if grants are to be obtained, relatively minor adjustments from previous methods of data gathering will suffice. Personnel payments and fringe benefits, overhead, production, insurance, administration, transportation and travel, depreciation, materials, and other cost categories are suggested for calculating training costs. The document also includes a diagram of the industrial training system, based on cooperation by industry with the Departments of Technology and Labour; descriptions of a graduate training and a student trainee scheme; lists of statutory instruments affecting the Civil Air Transport Board and the engineering industry; and 78 other figures. (ly)