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Wool (Government Stocks)

Volume 162: debated on Tuesday 27 March 1923

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26.

asked the President of the Board of Trade what quan- tity of wool, if any, is being held under the control of the Government; and is it proposed to realise such stocks at once or to hold indefinitely?

27.

asked the President of the Board of Trade what is the, quantity of wool belonging to His Majesty's (government still in the hands of the British-Australian Wool Realisation Association or its successor, and what is the estimated value of such wool; is it the intention of His Majesty's Government to realise at market prices; or do they intend to hold it with a view of realising at higher prices?

The total quantity of wool now belonging to His Majesty's Government amounts to approximately 520,000 bales, the present market value of which is estimated at £10,500,000. It is proposed to continue the present policy of realising the wool systematically in regular monthly instalments, finishing in February, 1924.