Japanese Goods (Payment)

Part of Oral Answers to Questions — Trade and Commerce – in the House of Commons at 12:00 am on 24 April 1947.

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Photo of Mr John Belcher Mr John Belcher , Sowerby 12:00, 24 April 1947

As regards the first part of the Question, discussions are at present proceeding in Washington as to the basis of payment for purchases and sales between Japan and the sterling area, and I should prefer not to make any statement as to this particular transaction at the present moment. The prices paid are based on current United States values and, while it is not possible to make an exact comparison with the prices of individual types of Lancashire products, they will exceed comparable United Kingdom controlled prices.