Abnormal Importations (Customs Duties).

Part of the debate – in the House of Commons at on 17 November 1931.

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Photo of Mr Leslie Hore-Belisha Mr Leslie Hore-Belisha , Plymouth, Devonport

I wilt read it with pleasure, but I would first ask what becomes of the statement of my hon. and gallant Friend that vacuum cleaners do not come here unless somebody wants them. He wishes me to read the definition of dumping. The right hon. Gentleman said: By dumping I do not mean legitimate competition, as far as food is concerned, when the foreigner comes here and fights a fair fight in the market. What I mean by dumping is this: Where there is a surplus, the producer first of all sells in his home market at a price which enables him to make a profit under the shelter of a protective tariff, and then dumps the surplus here at a price which is under the cost price to himself.