HC Deb 09 July 1913 vol 55 c422W

asked the Secretary for War whether the Army institutes in South Africa have reserve balances of some 80,000; and, if so, from whom these profits have been made, to whom they now belong, and in whose hands they are at present?

Colonel SEELY

The sum mentioned is kept as a working margin for carrying on business. The profits have been made from troops quartered in South Africa mainly during and partly since the South African war, and, therefore, belong to the Army generally. The funds are under the control of a board of directors with the General Officer Commanding-in-Chief at their head, composed of staff and other officers as representatives of the troops.