§ 60. Mr. Baldwin
asked the Minister of Agriculture what profit was made on the sale of wool of the 1949 clip over the price paid to farmers; and what will be the estimated profit on the 1950 clip if prices remain at the figure now prevailing.79W
Mr. T. Williams
Disposal of the 1949 wool clip will not be completed until the end of July. A profit is expected but its extent cannot yet be measured. If prices paid to farmers and those realised on sale of the 1950 clip remain at current levels the surplus would be about £2 million.