17. Sir F. HALLasked the President of the Board of Trade if America is now able to import steel into this country at a price which enables manufacturers in the United States to undersell British manufactured steel by £4 10s. a ton and upwards, after allowing for freight and all other costs; and, if so, what practical steps have been taken by the Government to meet the position thus arising?
§ Sir A. GEDDESI understand that American steel manufacturers are quoting prices for delivery in the United Kingdom lower than those quoted by British manufacturers (though not, so far as I am aware, to the extent suggested). As regards the second part of the question, His Majesty's Government are not prepared at present to impose any restrictions upon the importation of iron and steel, in view of the demand in the country.
Sir F. HALLIs the right hon. Gentleman aware that I put the amount at £4 10s. and upwards, and it is upwards instead of downwards; and as the Government have undertaken to protect the interests of this country, are they going to do anything or are they not?
§ Sir A. GEDDESWith the traditional policy that is being followed, the interests of the country are being protected to the best ability of the Government, but It is not so simple as my hon. Friend seems to imagine. There is a very great demand in this country for iron and steel, which at present producers in this country are unable to meet.
Sir F. HALLIs the right hon. Gentleman aware that the iron is produced at 812 much nearer places to this country than the United States? Does it seem reasonable that they are able to send their produce into this country at £4 10s. and £5 less, to the great detriment of manufacturers in this country?
§ Sir A. GEDDESI do not know whether it is reasonable or not, but it is a fact that they are producing iron and steel at the present moment more cheaply. It is also a fact that our export trade demands a large amount of iron and steel to work up things to be exported.
Sir F. HALLWill the right hon. Gentleman give an undertaking to move in this matter between now and the end of this Session to see whether something cannot be done for our own people?