HC Deb 20 April 1931 vol 251 cc591-2
39. Mr. ALBERY

asked the Secretary to the Overseas Trade Department, if he will state for the period 1924 to 1930, inclusive, the aggregate value in pounds sterling of the excess of imports over exports between this country and Soviet Russia; and if he will give the corresponding figure as regards the United States of America and Soviet Russia?


During the period 1924 to 1930 the value of merchandise imported into the United Kingdom from Soviet Russia exceeded the value of total merchandise exports to Soviet Russia from this country by £95,877,044. The corresponding figure for trade between the United States and Soviet Russia shows an excess of exports from the United States of 390,088,000 dollars, or approximately £81,000,000. Imports into the United States are recorded according to their value in the country of export, while in this country the c.i..f. value of imports is taken.


Will his Majesty's Government point out to the Soviet Government the desirability of doing something to bring these figures into more equitable form?


That is an entirely different question.


Will His Majesty's Government not increase the present credits until this balance is restored?


If the hon. and gallant Member wishes information on that point, perhaps he will put down a question.