§ 75. Captain REDMONDasked the Chancellor of the Exchequer the estimated period it will take to dispose of the stock at end of period, amounting to £579,699 7s., under the heading of Total breaking-down statement for the year ended 31st March, 1920, appearing on page 14 of Ministry of Munitions Appropriation Account, 1919–20 (White Paper No. 102); and, in view of the fact that only £10,705 4s. was received for sales under this heading during the previous year, will he state what steps have been taken to effect more rapid sales?
§ The FINANCIAL SECRETARY to the TREASURY (Mr. Hilton Young)I would refer the hon. and gallant Member to the answer given yesterday in which full explanation was made of the two figures referred to. The local receipts of £10,705 4s. were quite apart from the larger sales effected by the Disposal Board of which the stock mentioned formed part. Every effort has, of course, been made to effect rapid sales and expedite realisation.
§ Captain REDMONDIf the sales during this period amounted to only £10,000, how long will it take to dispose of the whole lot?