§ Mr. KEATING
asked upon what basis it is proposed to pay for wool compulsorily acquired by the War Office; whether, in the case of merchants, it is proposed to fix a price below that at which the material was bought; and whether it is proposed to compensate small merchants who bought their stock before the compulsory order was issued?
§ Mr. FORSTER
The price to be paid for wool of the 1916 clip, purchased by the Army Council, will be fixed on the basis of the prices ruling in June and July, 1914, with the addition of 35 per cent. but wool bought, paid for and delivered before the 8th June, 1916, will be licensed for sale or purchased at the market prices ruling at the date of the Order.