COLONIAL WOOL

Evening Post, Volume CVI, Issue 141, 12 December 1923, Page 5

COLONIAL WOOL

DISPOSAL OF WAR STOCKS

REPORT ON OPERATIONS

LITTLE FRICTION AND FINAN-

CIAL SUCCESS.

(KEUTER'S TELEGRAM.)

(Received 12th December, 12.15 p.m.) LONDON, 11th December.

The Disposal Commission, in a report regarding the control of colonial wool produced during the war, anticipates that by May, 1924, the whole of the stock will be sold. It says that the whole soheine was conspicuous for minimum friction in working and for financial success. When it is finally completed, it is estimated that the net profits, after repaying the capital borrowed from the Treasury and ii*efest thereon, rebates to reduce to the actual cost the invoiced price of wool used for military purposes, and all overhead charges, Will b 6 £64,0:0,000, of which £33,CC0,----000 has gone 'under 'profit-sharing arrangements to the Dominions, and £31,----000,000 lias been mostly paid to the British Exchequer during* the last three years.