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Ministry's Trading Operations (Profits)

Volume 445: debated on Wednesday 10 December 1947

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65.

asked the Minister of Food whether the profits made at the recent auctions of edible nuts are to be offset against the food subsidy grant; or whether they will be used as subsidies in addition to the present food subsidies.

Profits arising out of the Ministry's trading operations are utilised to offset losses arising from the subsidisation policy and such profits are taken into account in estimating total subsidies.