§ 27. Colonel Sir JAMES REYNOLDSasked the Minister of Agriculture if he will state how much of the assistance granted to the beet-sugar industry by means of direct subsidy on sugar and molasses and by remission of excise duty has been retained by the beet-sugar factories for profits, reserves, and depreciation since the commencement of the subsidy?
§ Sir J. GILMOURThe balance-sheets of the factories show that from the commencement of operations under the British Sugar (Subsidy) Act, 1925, up to 31st March, 1931, the sums placed to reserve, applied to depreciation, distributed as dividends and retained as unappropriated balances amounted to about £6,500,000.