asked the Minister for Health if he will state the net gain or loss on the sale of investments by the Hospitals' Trust Fund in each of the years 1948 to date.
Written Answers. - Hospital Trust Fund Investments.
The net gain or loss on the sale of investments by the Hospitals' Trust Board in each of the financial years from 1947-48 onwards was as follows:—
|
Financial Year |
Gain |
Loss |
|
£ |
£ |
|
|
1947-48 |
3 |
|
|
1948-49 |
30,438 |
|
|
1949-50 |
454,852 |
|
|
1950-51 |
28,076 |
|
|
1951-52 |
47,920 |
|
|
1952-53 |
360,682 |
The invested funds of the Hospitals' Trust Board had been completely liquidated before the end of the financial year 1952-53. Subsequent to that year the board had no surplus funds available for long-term investment.