§ 35. Mr. LOFTUSasked the President of the Board of Trade whether he is aware that German purchases of British herring have now ceased owing to exchange restrictions; and, having regard to the disastrous effects of this measure on the present fishing season, will he endeavour to arrange for the German Government to allow temporary currency facilities for these purchases pending the completion of the final exchange agreement?
§ Lieut.-Colonel J. COLVILLE (Secretary, Overseas Trade Department)I would refer to the reply which was given my hon. Friend on 24th July on this subject. My right hon. Friend is aware that the present exchange situation has had a very serious effect on the sale of United Kingdom herring to Germany. I can assure my hon. Friend that the importance of the herring industry is not being overlooked in the negotiations now proceeding with the German authorities.
§ Mr. LOFTUSWould my hon. and gallant Friend consider instructing the negotiators now in Berlin to try to get temporary accommodation in respect of the small amount of foreign exchange required?
§ Lieut.-Colonel COLVILLEMy hon. Friend will appreciate that there are 1928 other industries which are seriously affected by the German exchange situation, and it is better to press for a very early settlement of a general exchange agreement which will benefit those industries, including the herring industry.