Oral Answers to Questions — Navy, Army and Air Force Institutes

Part of the debate – in the House of Commons on 17th November 1942.

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Photo of Sir James Grigg Sir James Grigg , Cardiff East

My hon. Friend is misinformed about the trading surplus which is available for distribution. Against the trading surplus of £1,460,000 shown on the Army and Royal Air Force account in the printed accounts for the year ending 31st August, 1941, must be set the deficit of over £400,000 incurred in the previous year as well as the amounts totalling over £1,000,000 liable to be refunded to the Exchequer for profits made by N.A.A.F.I. on the goods forming part of the ration and in repayment of the share borne by the Government of the cost of E.N.S.A. entertainment. I will circulate in the OFFICIAL REPORT a simplified statement showing the financial results of N.A.A.F.I. trading with the Army and Royal Air Force at home and overseas during the first two years of war. This statement shows that all the profits, in so far as they are available for distribution, have been distributed with the exception of a small amount of £22,000.