pounds. (Of this latter amount, 3,948,204 pounds were produced by the company for its own account.) .
2. Nil. The company agreed to manage and operate the plant until the cessation of hostilities without fee or profit.
5. The lack of an assured peace-time market for the product, the need for a capital outlay in excess of half a million dollars on the part of the purchaser for modification and improvements, heavy depreciation because of the character of the process and a reasonable writeoff for high war-time construction costs were factors taken into account in determining the selling price.
2. The priorities division, head office, War Assets Corporation, has filled 103 of these applications in full and 350 in part. In addition, many of these municipalities have had their applications met from branch offices of the corporation across Canada. The branch offices are not required to notify the priorities division of the corporation of these sales. Furthermore, in regard to the sale of certain surplus properties, such as real estate, the appropriate sales division at the Montreal head office of the corporation deals directly with the municipality without notification to the priorities division. It is therefore impossible to give a precise answer to this question.
Subtopic: WAR ASSETS
Sub-subtopic: MATERIALS OB EQUIPMENT FOB MUNICIPALITIES
2. Yes. The dominion government, Department of Labour, obtained the majority of the buildings, with services for the training of veterans under the Canadian vocational training programme.
4. No sales other than that mentioned in No. 2 above have been made to date. Other individuals were not given an opportunity to purchase, because the application of the Department of Labour for training of veterans carried a higher priority than applications from the general public. Disposal of the remaining surpluses will be made in accordance with the established priority policy of War Assests Corporation.
1. Information as to holdings of particular dominion government issues is not of government record as a large proportion of each issue is in bearer form. In addition the monthly return of liabilities and.assets of the chartered banks of Canada made to the Minister of Finance pursuant to section 112 of the Bank Act gives figures of total holdings of dominion government direct and guaranteed securities maturing within two years and other dominion government direct and guaranteed securities and does not segregate holdings of these two types of securities.
2. Answered by No. 1.
Subtopic: VICTORY BONDS HELD BY CHARTERED BANKS