§ Sir F. WISEasked the President of the Board of Trade the total amount of net profit realised by the British Australian Wool Realisation Association, Limited; and the amount of stocks on hand on 31st March, 1924?
Mr. GRAHAMAs stated on page 7 of Command Paper 2,106, which was laid on the Table of the House on the 9th April, the net profits made by the British Australian Wool Realisation Association, on behalf of the British and Colonial Governments, are estimated approximately at £78,000,000, of which approximately £44,000,000 have accrued to the British Exchequer, plus approximately £8,000,000 interest on capital, etc. The balance, approximately £34,000,000, goes to various Dominions under profit sharing schemes. Including approximately 6,000 bales which remained unsold at the March auctions, the total number of unsold bales on the 31st March last was 44,778. All these have since been sold.