JOHN BULL'S RAW MATERIALS.

Taihape Daily Times, Volume XI, Issue 3523, 9 July 1920, Page 3

JOHN BULL'S RAW MATERIALS.

>f’l"Ul-'ENDOUS VVARTIME BUSINESS. ~

LONDON. July 6.

1...0]'Ll lnVei.'.foi'th’s report _on_ his \-'vorld-wi;lv de.':l,i:':g;- in z'a.w mziteriuls on behalf of the Grovernnieilt has been issued. It shows that the total expen(liture to 31st I\lzu'ch, 1919, was 277 millions slo,el'lin-g," amid the total sales 225 millions, making :1. furnover of 502 millions. The cost. of administmtion :Lmounte(l to £7'39,()00, while the nett profits :Iccrui.ng to the llllil'iel-ial Gov. ernmeiit were £21,3]:1_,’715, aml the total profits £39_.6é1.515. Nea.l'l_v t\\‘_eni_y millions were paid out in ;'eli:lv.:=s. ‘Jim. profits on Home and Colonial \\'a_ml expenditure for the _vval' emlml .‘;lst March last eXGC(‘LI.C(I. ll llun{lred millions. while the um‘-ll JOC(‘l})l',~; w-3n» over 179 millions, hrlnging the t-J‘r:\‘..~' to-~ receipts £35i3.§35.}-iii.’ e>.'3*£-::<li.f.lll'e £375.273,174. 'l‘l:c- :u:<'ounl':=. s‘nr.»\.\' that all the l!l€!l‘.{§' ¢'l—(,l\‘il]l('L‘(l by tile State for '.h-: }nm:hase of raw nlnl.ox'ials had been r<:.t'ullcled_. wifh inl'el'est, although large stocks-, especialfzy of m-,](,§ni;ll wool, were still unsold. The table of principal raw materials purchased to 1919 gives eolonial and foreign wool aml sheepskins as 2,24/},.320_.419 pounds; Hit? eohipmenl‘ for the _A.rmy and Navy inalucles 1186 millions of sand bags, and .164 million pairs of socks. Sir Arthur Goldfinch. Director Of Raw '.‘.\lzi.l‘<—?i*ials, in an _aeeolnpanying‘ memorunslum, slates that the saving effected on military eqnipiimiit is estiniated vznfiicnnsly at from fifty to txxvohnmjlreml wnillixiiis Sl(ll'llflg.