HC Deb 07 April 1930 vol 237 cc1746-7
27. Mr. HANNON

asked the Secretary to the Overseas Trade Department whether any special measures are being adopted by His Majesty's Government for the development of trade between Great Britain and Finland; if he is aware that a recent Finnish loan floated in London has been wholly employed in the purchase of manufactured articles from other countries; that the large Finnish co-operative concerns are virtually boycotting British goods; and if he will take steps to establish a more friendly understanding with trade interests in Finland?

Mr. GILLETT

A Commercial Secretary will shortly be appointed to Finland. His appointment will I trust lead to a further development of trade with that country and a closer relationship between Great Britain and Finland. The answer to the second part of the question is in the affirmative, but I have no information on the subject raised in the third part. I will, however, have the matter looked into.

Mr. HANNON

Would the hon. Gentleman or his Department see that in the case of a loan such as that which is instanced in my question a condition should be inserted whereby the money lent by this country should be employed in the purchase of commodities in this country?

Mr. GILLETT

I am doubtful whether that would be possible or practicable.

Mr. HANNON

Will the hon. Gentleman examine the case?

Mr. GILLETT

I am not convinced that it is desirable to do so.

Mr. A. M. SAMUEL

Why did not the hon. Gentleman, before the loan was raised in England, do the very thing which he proposes to do now?

Mr. GILLETT

I am not proposing to do that. My information is that the goods had already been bought, and the loan was raised afterwards.

Mr. SAMUEL

Then it comes to this, that we are finding money to buy—

Mr. SPEAKER

Captain Cazalet.