§ 34. Mr. Stokesasked the Minister of Fuel and Power how, and generally to whom, the profits made by the Petroleum Board are distributed?
§ The Minister of Fuel and Power (Major Lloyd George)The profits made by the Petroleum Board are distributed among the companies which are members of the Board on a basis agreed among themselves.
§ Mr. StokesIs the Minister aware that his predecessor told me on 17th June that the oil industry did not receive any profits from the Petroleum Board?
§ Major Lloyd GeorgeI think the Question on that date had something to do with Lend-Lease supplies.
§ Mr. StokesNo, Sir. If the Minister will refer to that Question, he will see that I received a categorical "No" to my Question of whether profits were paid by the Petroleum Board to the oil industry.
§ 35. Mr. Stokesasked the Minister of Fuel and Power the profits made by the Petroleum Board for the years ending 31st December, 1939, 1940 and 1941, or other convenient period?
§ Major Lloyd GeorgeI fear I have nothing to add to the reply which was given to the hon. Member on 17th June.
§ Mr. StokesAs that reply is also unsatisfactory, I beg to give notice that I shall raise the matter on the Adjournment to-day.