§ 50. Mr. E. Fletcherasked the Minister of Works the conditions of the contracts for erecting the Coronation stands with regard to the purchase price to be paid for the acquisition of timber and the selling price for its disposal.
§ Mr. EcclesThe contracts are on the basis of lump sum prices for the provision, erection and dismantling of the stands after taking into account the value of the materials recovered by the contractors on demolition. No provision is made as to the prices at which the timber shall be acquired or sold.
§ Mr. FletcherIs the Minister quite satisfied that he has taken full account of the prices which will be obtained by contractors on demolition?
§ Mr. EcclesI think so. Of course, it is a fact that timber is cheaper now than it was when the contractors bought it for the stands, but this method, which really amounts to hiring the timber and the steel, shows, I think, the best results.