§ Captain A. HOPEasked 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. GILMOURThe 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.