DEPARTMENTAL PROFITEERING.

Colonist, Volume LXII, Issue 15239, 28 November 1919, Page 5

DEPARTMENTAL PROFITEERING.

SERIOUS ALLEGATIONS.

.Australian and JN.Z. Cable Association)

(Received Nov. 27, 7.40 p.m.") London, Nov. 24. The "Manchester Guardian" says that the Board of Trade is appointing a committee to nvesfcigate charges that the Government are profiteering in connection with the sale of wool. The "Textile World" points out that roughly half a million worth was sold at each sale, £125,000 representing the difference between the purchase price overseas and the selling price. It is understood that the Ministry refuses to disgorge its profits, to the Treasury until all accounts are settled. Ten months' wool imports represent 91 millions sterling, and the profits are therefore enormous. The "Manchester Guardian" adds that the Government are alleged to be guilty of the rankest profiteering in selling wool and similar supplies. It is stated that a tremendous profit was made from sales of surplus cloth.