§ Captain A. HOPE
asked the Minister of Agriculture the total net profits made by the National Stud since its inception, and the profit or loss made during the last 12 months?
§ Sir J. GILMOUR
The total net profits of the National Stud since its establishment in January, 1916, to 31st December, 1930, amounted to £118,182. The trading account for the 12 months ending 31st December, 1931, is still under examination, but it is estimated that there will be a net loss of approximately £21,000 on that year's trading.