26. Captain THORPEasked the President of the Board of Trade what quan- 237 tity of wool, if any, is being held under the control of the Government; and is it proposed to realise such stocks at once or to hold indefinitely?
§ 27. Mr. SAMUEL SAMUELasked the President of the Board of Trade what is the, quantity of wool belonging to His Majesty's (government still in the hands of the British-Australian Wool Realisation Association or its successor, and what is the estimated value of such wool; is it the intention of His Majesty's Government to realise at market prices; or do they intend to hold it with a view of realising at higher prices?
§ Major BOYD-CARPENTERThe total quantity of wool now belonging to His Majesty's Government amounts to approximately 520,000 bales, the present market value of which is estimated at £10,500,000. It is proposed to continue the present policy of realising the wool systematically in regular monthly instalments, finishing in February, 1924.