§ 67. Mr. Snaddenasked the Minister of Agriculture what were the net profits made by his Department in disposing of the home-grown wool clips of 1948 and 1949.
§ Mr. G. BrownThe 1948 wool clip was sold between September, 1948, and July, 1949. The average price realised was 28½d. per pound. The average cost, including the costs of collection, grading, storage, and sale was 28¾d. per pound. On this clip a slight loss to the Exchequer was therefore incurred. Disposal of the 1949 clip will not be completed until the end of July next; the average price now being realised is substantially above that of the previous season, but the final results will not be known until somewhat later in the year.