Sanctions.

Oral Answers to Questions — Trade and Commerce. – in the House of Commons at on 21 July 1936.

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Photo of Sir Louis Smith Sir Louis Smith , Sheffield, Hallam

asked the President of the Board of Trade whether, now that sanctions against Italy have been raised, he can state the aggregate estimated cost to this country in loss of trade?

Photo of Mr Walter Runciman Mr Walter Runciman , St Ives

No, Sir. In the seven months December, 1935, to June, 1936, United Kingdom exports to Italy (including re-exports) were valued at £482,000, as compared with £6,181,000 for the seven months December, 1934, to June, 1935; but it is not possible to attribute the whole of this decline to sanctions. Owing to payment difficulties and Italian import restrictions, United Kingdom exports to Italy were declining before sanctions were imposed. It is not possible to form any estimate of the effect on our trade with other countries.

Photo of Sir Louis Smith Sir Louis Smith , Sheffield, Hallam

Would it not be true to say that British traders have borne the greater burden due to sanctions than those of any other countries who are members of the League?

Photo of Mr Walter Runciman Mr Walter Runciman , St Ives

I could not answer that question without having information with regard to the other nations.

Photo of Mr Thomas Williams Mr Thomas Williams , Don Valley

Can the right hon. Gentleman give any idea of what the cost of armaments is likely to be now that sanctions have been proved to be ineffective?

Photo of Lieut-Colonel Sir Gilbert Acland-Troyte Lieut-Colonel Sir Gilbert Acland-Troyte , Tiverton

Have the special privileges with regard to Czechoslovakia been removed?

Photo of Mr Walter Runciman Mr Walter Runciman , St Ives

That is a separate question.