§ 70. Sir A. KNOXasked the President of the Board of Trade what is the total value of the exports and re-exports, respectively, to the Union of Soviet Socialist Republics in the first nine months of 1934; what is the total value of the imports from Soviet Russia in the same period; and how far the total value of the exports and re-exports agrees at present with the proportion to imports of 1 to 1.7 laid down in the AngloRussian Trade Agreement?
§ Mr. RUNCIMANExports of United Kingdom produce and manufactures to the Union in the first nine months of 1934 amounted in value to £2,758,000 and re-exports to £2,609,000. Imports from the Union during the same period were valued at £12,723,000. The Anglo-Russian temporary commercial agreement does not fix a proportion of imports to exports but provides for the realisation of a ratio of 1.7 to 1 between the proceeds and the payments of the Union of Soviet Socialist Republics in the United Kingdom in the year ending 31st December. I hope that this ratio will be realised.
§ Sir A. KNOXIs it not the fact that the Anglo-Russian Trade Agreement has so far done the British importer in this country no good whatsoever?
§ Mr. RUNCIMANNo, Sir.