§ 28. Captain Sir WILLIAM BRASSasked the President of the Board of Trade whether his attention has been called to the decision of the Canadian Government to treat the American dollar as a depreciated currency and to impose a special dumping duty on imports from the United States into Canada; and whether, in view of the depreciated value of the yen, he will consider applying the same principle to Japanese currency with regard to imports into this country and into those overseas Colonies over which the home Government has tariff control?
§ Lieut.-Colonel COLVILLEAccording to the latest information, special dumping duty will not be leviable on United States goods on importation into Canada so long as the depreciation of the United States dollar in relation to the Canadian dollar does not exceed 5 per cent. As regards the second part of the question, my right hon. Friend has stated in the course of recent Debates that His Majesty's Government in the United Kingdom are actively considering the whole question of Japanese competition, and I cannot usefully add anything at the present time to these statements.
§ Sir W. BRASSTS it not possible to put on these duties in this country against Japanese goods, and also in the Colonies, without breaking any treaties whatever?
§ Lieut.-Colonel COLVILLEI cannot add to my answer. The hon. and gallant Member will be aware that the depreciation of the yen is not the only factor in this competition; and the whole question is being considered.
§ Sir W. BRASSMy question is about the depreciation of the yen.
§ Lieut.-Colonel COLVILLEYes, but that is only part of the general question.