HC Deb 05 July 1926 vol 197 cc1601-5
58. Mr. JOHNSTON

asked the President of the Board of Trade whether he is aware that Russia's purchases in Great Britain increased from £2,809,541 in the year 1920 to £31,170,995 in the year 1925; whether Great Britain's trade with any other foreign country can show the same proportional increase during the years mentioned; and whether, under these circumstances, the Government will take all the measures within its powers to foster and encourage this trade?

Mr. SAMUEL

I am unable to express an opinion as to the accuracy of the figures quoted by the hon. Member, which are taken, I gather, from an article in the "Soviet Union Monthly." It is there stated that the figures include purchases in other countries of goods to be shipped to Russia without touching at ports in the United Kingdom. As the figures do not relate solely to British exports, no comparison can be made between them and our trade with other countries.

Mr. JOHNSTON

Is the hon. Member not aware that these figures have been endorsed by the Anglo-Russian Chamber of Commerce, of which a colleague of his was a leading member until he joined the Government?

Mr. SAMUEL

If the hon. Member will permit me to say so without offence, I think he has created a trap for himself and fallen into it. He makes use of the word "purchase." Purchases can be made by the Russian representatives in London of large amounts of, say, Brazilian goods which might be sent straight from Rio de Janeiro to Russia, but they would not constitute an export from this country of British goods or a re-export of British goods. The hon. Member's figures may well be correct, without constituting any export from this country of British goods or a re-export of British goods. They may refer to business which would not have anything to do with this country.

Mr. TAYLOR

Can the hon. Gentleman say what proportion of these figures represent British and Empire purchases?

Mr. SAMUEL

Yes, Sir; if the hon. Gentleman will wait just a moment until I answer another question on this subject down on the Paper, my reply will give him those figures.

Mr. JOHNSTON

As these figures have been endorsed and supplied by the Anglo-Russian Chamber of Commerce, is he prepared to withdraw his allegation that my figures were taken from the Soviet Union Review?

Mr. SAMUEL

I did not deny the correctness of the hon. Member's figures. They may well be correct, wherever they may come from, but I do not think they are a reliable index of the value of exports by Britain to Russia.

Mr. JOHNSTON

Then why bring in the Soviet Union?

Mr. SAMUEL

The Review was sent to me anonymously and I used it for information.

Mr. SOMERVILLE

Is not the remarkable growth of trade mentioned in the question a strong reason why the Government should not interfere? If there is genuine trade to be done, will it not be done quite apart from the Government?

59. Mr. JOHNSTON

asked the President of the Board of Trade whether he is aware that Russian purchases in Great Britain from the years 1920 to 1925, inclusive, reached the sum total of £70,154,378, and that during the same years, Russian sales on the British market reached the total sum of £64,609,071; that the Russian trading organisations in Germany have concluded an agreement with the German Government and German banking and industrial houses for a credit of £15,000,000 to increase the development of German-Russian trade; and whether, under the circumstances, His Majesty's Government will extend immediately the Trade Facilities Acts to British-Russian trade?

Mr. SAMUEL

As regards the figures quoted in the first part of the question, I may refer the hon. Member to the reply which I have given to his previous question. With regard to the second and third parts of the question, I would refer him to the reply which I have just given to the hon. Member for the Forest of Dean.

Mr. JOHNSTON

If it is the case that those, figures are approximately right, and that there is a growing export trade from this country to Russia, will the hon. Member use his influence with prominent colleagues of his own to prevent them from crabbing that trade?

Mr. SPEAKER

That does not arise.

60. Sir A. KNOX

asked the President of the Board of Trade what is the total value of exports to the Soviet Republic of British manufactured goods and pro- ducts for the years 1920 to 1925 inclusive; similarly, of re-exports from Great Britain to the Soviet Republic for the same years; of the total imports in those years from Soviet Russia; and what is the balance in favour of the Soviet of unexpended credit in respect of such Anglo-Russian trade?

Mr. SAMUEL

It is difficult to give figures for 1920 comparable with those for later years, owing to alterations of frontiers; but the excess of imports over exports, and re-exports, of merchandise in our trade with Soviet Russia, as declared for the three years 1921–23 was, roughly, £7,500,000, and for the two years 1924–25, roughly, £14,500,000. An allowance must be made for invisible imports and exports, as to the amount of which we have no exact information. I will, with permission, circulate the figures in detail in the OFFICIAL REPORT.

Mr. H. WILLIAMS

Can the hon. Member tell us what the exports of British goods were last year?

Mr. SAMUEL

The exports of British goods for 1925 were £6,165,968.

Mr. B. PETO

Will the hon. Gentleman answer the last part of the question?

Mr. SAMUEL

Yes. Roughly, the trade balance in favour of Russia for the last two years would be £14,500,000 sterling.

Mr. MARDY JONES

Is not that a direct contradiction of the statement made in this House by the hon. Member himself?

Mr. SAMUEL

No. I repeat figures now within half a million of what I said in the House the other day.

Commander O. LOCKER-LAMPSON

May I ask whether some of the exports from Russia are not highly invisible?

Mr. JOHNSTON

Seeing that the hon. Gentleman has given us the exports for last year to Russia, will he tell us what are the re-exports of British and Dominion goods from this country to Russia?

Mr. SPEAKER

That question should be put down on tile Order Paper.

The VALUE of our IMPORTS consigned from and EXPORTS and RE-EXPORTS consigned to RUSSIA during the years 1920–25 inclusive, are shown in the following TABLE.
Year. Total Imports. Exports of United Kingdom Produce and Manufactures. Exports of Imported Merchandise. Total Exports. Excess of Imports.
£ £ £ £ £
1920 33,522,892 11,992,083 4,841,300 16,833,383 16,689,509
1921 2,694,674 2,181,007 1,210,283 3,391,290 696,616*
1922 8,102,829 3,640,624 970,403 4,611,027 3,491,802
1923 9,266,100 2,491,650 1,989,476 4,481,126 4,784,974
1924 19,773,842 3,860,385 7,212,144 11,072,529 8,701,313
1925 25,329,336 6,165,968 13,269,054 19,435,022 5,894,314
* Excess of Exports.
Note.—The figures for 1920 relate to trade with Russia and the territories now forming separate states but formerly forming part of Russia. The figures for 1921–25 relate to Soviet Russia.