Dumping of German Wheat.

Part of the debate – in the House of Commons on 30th October 1929.

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Photo of Mr Walter Runciman Mr Walter Runciman , St Ives

Let us see what that means. The right hon. Gentleman the Minister of Agriculture has had the assistance of his officials in finding out what is happening with regard to import bonds. These bonds are not of recent growth; they have existed during each of the last five years. The right hon. Gentleman who was Minister of Agriculture in the last Government knew about the import bonds and declared emphatically, without his party turning him out, that he saw no means of dealing with the subject. It is very doubtful as to whether there are any other forms of bounty given to German wheat that comes into this country. The suggestion is made that the difference now is that of magnitude. There is very little difference between the figures of last year and those of this year. They are not complete for this year. I heard the Noble Lord ask the Minister just now for the exact percentage of the foreign wheat in comparison with the wheat grown in this country in 1929. As far as I know we have not yet ascertained what is the total harvest for 1929. It is impossible to say that there has been, such an enormous increase in the importation of bounty-fed wheat that it raises an entirely new question which must be dealt with in a different way from that of the late Government and the ex-Minister of Agriculture.