Import Duties.

Oral Answers to Questions — Trade and Commerce. – in the House of Commons on 23rd November 1933.

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Photo of Sir Patrick Hannon Sir Patrick Hannon , Birmingham Moseley

27.

asked the Chancellor of the Exchequer whether, in view of the continued devaluation of the dollar in terms of sterling, measures are contem- plated by His Majesty's Government to maintain the level of protection to British enterprise hitherto afforded by the tax upon imports commonly known as the McKenna Duties?

Photo of Mr Jardine Whyte Mr Jardine Whyte , Derbyshire North Eastern

28.

asked the Chancellor of the Exchequer if, in view of the continued depreciation of the dollar as against the sterling exchange, he will consider taking steps to adjust the tariff rates on commodities principally imported from the United States of America?

Mr. CHAMBERLAIN:

According to such information as has reached me the depreciation of the American dollar has not up to the present seriously affected British trade. I am, however, carefully watching the situation in all its aspects, and consideration will from time to time be given to the question whether, and if so what, action is necessary in the interest of this country.

Photo of Sir Patrick Hannon Sir Patrick Hannon , Birmingham Moseley

Will the right hon. Gentleman be prepared to receive representations from different sections of British industry to show that they are affected by the devaluation of the dollar and that the competitive power they gained through the McKenna Duties will gradually disappear unless some further measures are taken?

Photo of Colonel Josiah Wedgwood Colonel Josiah Wedgwood , Newcastle-under-Lyme

Will the right hon. Gentleman also bear in mind that it is not only the importing industries, but the exporting industries which are interested?

Photo of Major Abraham Lyons Major Abraham Lyons , Leicester East

Is it not the fact that in many cases this devaluation of the dollar has wiped out all tariff protection; and in these circumstances may I ask the right hon. Gentleman whether he will invite the Tariff Advisory Committee to give immediate consideration to the industries so adversely affected by these unexpected events?

Mr. CHAMBERLAIN:

I think the best thing to do is to await representations which may be made.