Oral Answers to Questions — Trade and Commerce – in the House of Commons at 12:00 am on 24 March 1955.
Mr Charles Fletcher-Cooke
, Darwen
12:00,
24 March 1955
asked the President of the Board of Trade the value, expressed in pence per lb., of the export taxes on raw cotton exported to this country, imposed by India, Pakistan, Egypt, Sudan, Syria, Mexico, and Peru.
Mr Peter Thorneycroft
, Monmouth
I will, with permission, circulate this information in the OFFICIAL REPORT.
Mr Charles Fletcher-Cooke
, Darwen
Can my right hon. Friend say whether there is a tendency for the taxes in all these countries to rise and, if so, does he consider that it is just as much a threat to our cotton textile industry as are cheap labour conditions in Asia?
Mr Peter Thorneycroft
, Monmouth
I am not sure that I am circulating any alterations in these taxes, but I set out a list of what the taxes are. I should not like to express a firm opinion about the effect of these taxes, because the effect which taxes have on the world price of cotton is a matter of great debate.
Peru: The basic price is fixed by the Government. Cotton sold below the basic price is not liable to export duty. Cotton sold at above the basic price pays an export duty equivalent to the difference between the price paid to the producer and the basic price. The latter is subject to change from time to time.