Major BARNESasked the President of the Board of Trade what the total amount realised by the sale of German shipping is; what the costs incurred, including repairs and all other payments, have been; what the net surplus is; how much of it has been received in cash; how much remains to be paid, and over what period; and how the cash in hand has been applied?
§ Mr. BALDWINThe amount realised by the sale of German ships is£20,067,912, of which£15,869,036 has been received. The balance will, for the most part, be paid within two years. The expenditure880W incurred on repairs, expenses of delivery, etc., is estimated at about£5,000,000. Of the cash received,£5½ million has been appropriated by Parliament in aid of the Vote for advances to Germany for foodstuffs in respect of German coal deliveries and the balance has been paid to the Exchequer as Miscellaneous Revenue.