§ 26. Mr. HANNONasked the President of the Board of Trade whether he can give any information relating to the reconstruction of the international cartel in the iron and steel industries, showing its effect upon the iron and steel trades in this country?
§ Mr. RUNCIMANI understand that an agreement for the reconstitution of the Continental Steel Cartel for a period of five years has in principle been reached. The effects of the agreement and the attitude which should he adopted towards it will no doubt engage the careful consideration of the British iron and steel industry.
§ Mr. HANNONIf this reconstructed cartel becomes operative, will it not have a serious effect on the iron and steel industry?
§ Mr. RUNCIMANI would rather not express an opinion on that at the present time.