§ 4. Major Sir KEITH FRASER
asked the President of the Board of Trade whether he is aware that the main tenance by the Government of high reserve prices for controlled wool is likely to accentuate the existing trade de pression; and whether he will give in structions for the Government stock of wool to be liquidated at approximately the current world prices?
§ The PARLIAMENTARY SECRETARY to the MINISTRY of MUNITIONS (Mr. James Hope)
I have been asked to answer this question. The stocks of Government wools are being realised at approximately the current world prices as rapidly as is possible in the present depressed state of the wool markets. Under existing financial conditions it is not considered advisable to force wool on the market in excess of trade require monts.