§ Mr. Keelingasked the Secretary of State for the Colonies how the estimated surplus on the sale of Gold Coast cocoa for the current season compares with the estimated revenue of the Gold Coast for the current year; and how the estimated total surplus in the hands of the West African Produce Board at the end of the current season compares with the reserve funds held by the Gold Coast Government.
Mr. Creech JonesThe surplus on the sale of Gold Coast cocoa this season is estimated at £7,000,000 and the revenue of the Gold Coast for 1947–48 at £9,320,740. The total surplus in the hands of the West African Produce Control Board at the end of the current season will amount to about £13,450,000, of which about £8,140,000 will be payable to the Gold Coast. A further £4,500,000 has previously been paid over to them.222W Reserve funds of the Gold Coast Government on 1st April, 1947, totalled £6,210,673.