§ Mr. Sharpasked the Secretary of State for the Colonies what surplus funds have been accumulated by the West African Produce Control Board; and for what purposes these will be applied.
Mr. Creech JonesI estimate trading profits accumulated by the West African Produce Control Board since 1939 to amount to £20,300,000. These profits are held in trust for the producers and are intended to be used for purposes of benefit to them, especially price stabilisation, as set out in Cmd. 6950 entitled "Statement on Future Marketing of West African Cocoa" which I presented to the House last November.