§ 75. Major MACKENZIE WOODasked the Chancellor of the Exchequer whether he will state the proceeds of the sales of Vote of Credit assets which were treated as Appropriation in Aid by the Ministries of Munitions and Shipping and other Departments, and the amounts received by each Department, respectively?
§ Mr. BALDWINI presume my hon. Friend refers to the financial year 1919–20. The amounts authorised by Parliament to be appropriated in aid of Departmental Votes in 1919–20 were shown on the Estimates of the Departments concerned.
The accounts for 1919–20 are not yet finally complete, but the actual amounts derived from Vote of Credit assets appropriated in aid are estimated to have been as follows:
In the case of the Ministry of Shipping, receipts from other sources such as freights more than covered the amounts appropriated in aid, and the entire receipts from the sale of ships, amounting to £54,000,000, were paid over to the Exchequer.
£ Ministry of Munitions 153,000,000 War Office 57,750,000 Admiralty 15,500,000 Board of Agriculture (Tractors: horses and outfits) 1,966,000