§ The PARLIAMENTARY SECRETARY to the MINISTRY of MUNITIONS (Mr. James Hope)
The price paid for Australian wool averages 15½d. per greasy pound weight. The clip is graded, however, into 848 grades, which are separately appraised at their proper relative values, so as to give on the average 15½d. The prices realised in London vary to the same extent, and it is therefore not possible to quote them. The net profits on wool used for other than British and Allied military purposes during the War, and for other than British Government purposes subsequently are divided equally between the Imperial and Dominion Governments concerned. I should add that the Raw Materials Trading Accounts laid on the Table on the 29th June last give very full information on this subject.
§ Mr. CLYNES
Is the hon. Gentleman aware that Australian wool sellers are greatly aggrieved at the great difference between the price at which they sell and the price realised in London?