§ 37. Mr. A. M. SAMUELasked the Secretary to the Overseas Trade Department whether he will compile a list of the cuts in the principal competitive export selling prices made by German industrialists in order to reduce German unemployment, and circulate the information among British industrialists as soon as possible?
§ Mr. GILLETT (Secretary, Overseas Trade Department)I assume that the hon. Member has in mind the recent arbitration award in the German iron and steel industry which has resulted in a reduction of wages and prices. The new scale of inland selling prices for steel has been reported to my Department and has already appeared in the Press. Any information that may become available as to adjustments of export prices in this and other trades will be communicated to the British interests concerned.
§ Mr. SAMUELIs the hon. Gentleman not aware that in Germany the producers are making a general cut—quite apart from iron and steel—embodying the fall in the price of raw materials, and the general reduction in the cost of production in Germany?
§ Mr. GILLETTI understand that the cases to which the hon. Gentleman specially refers do not relate to the export trade, but are confined to the home trade.
§ Mr. SAMUELWill the hon. Gentleman indicate where I refer to any particular cases? I refer to the whole range of prices.