§ Sir B. CHADWICKasked the President of the Board of Trade the policy of the Department with regard to the 1,000,000 bales of wool purchased and held by the British Government from the Dominions; whether it is intended to release it at once at market rates to reduce prices; and what would be the loss, if any, on such a policy?
2220W
Mr. HOPEI have been asked to answer this question. The policy of the Ministry of Munitions in liquidating its stocks of Australian wool is, and always has been, to sell at current market rates as rapidly as the wools can be absorbed by the trade. It is not anticipated that this policy will result in any loss on the liquidation of the Government stocks.