§ 65. Mr. Osborne
asked the President of the Board of Trade how much profit the British Government have made by the sale of wool since 1945.
§ Mr. Rhodes
The United Kingdom Government's share of the profits made by the sale at auction of the stocks of Commonwealth wool which were accumulated during the last war, amounted to £62,870,432 from 1945 to 30th June, 1950, the latest date to which accounts have been prepared. The sale by auction of wool grown in the United Kingdom which had been purchased by the Government resulted in a profit of £416,656 in respect of the wool produced in the years 1945–49. The British Wool Marketing Board was responsible for the sale of the United Kingdom wool clip for 1950.