HC Deb 08 November 1920 vol 134 cc817-8
24. Mr. TERRELL

asked the President of the Board of Trade the rate of exchange at which the value of German imports this year, £17,000,000, is arrived at?

Sir R. HORNE

The value of imports is declared by the importers in terms of sterling, on importation.

Mr. TERRELL

Has not that figure some relation to the value in the country of origin?

Sir R. HORNE

Of course, it has some relation, because every figure has some relation to every other figure. It is the value at the time the consignment is made.

Mr. TERRELL

Does the right hon. Gentleman not take steps to check these values. Must not this figure of £17,000,000 be considerably higher?

Sir R. HORNE

I do not think so.

Mr. REMER

Is it not a fact that owing to the depreciated mark, the value of these goods is nearly ten times as great?

Lieut.-Commander KENWORTHY

Not here.

Sir R. HORNE

I am afraid the hon. Member (Mr. Remer) does not quite realise what "value" means.

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