WAR RESIDUE
REALISATION SALE
PROCEEDS £680,000,000
LONDON, Dec. 26
The biggest selling organisation in the history of the world will wind up in March when the Disposals Commission will complete its liquidation of British war stores.
The total realised amounted to about £650,000,000, to which another £15,000,000 will be added when the Treasury collects the monies advanced for the establishment of wartime factories.
The Commission started with a staff of 47.000 for the collecting, surveying, valuing and selling material on practically every battlefront, as well as in producing countries. It was necessary to locate tliousands of boats and barges on French rivers and. canals and thousands in Belgium. Sales in Iraq realised £9,000,000 (mainly new roads): in Egypt and Palestine £8,000,000 (also mostly roads). India bought £10,000,000 worth of stores; Italy £2,500,000 and Ireland £1,000,000 worth of stores'; Ireland £1,000,000 worth of stores The Comission’s staff now numbers only five. ■
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https://paperspast.natlib.govt.nz/newspapers/GIST19270113.2.37
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Gisborne Times, Volume LXV, Issue 10304, 13 January 1927, Page 5
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150WAR RESIDUE Gisborne Times, Volume LXV, Issue 10304, 13 January 1927, Page 5
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