§ 13. Mr. HALL-CAINE
asked the President of the Board of Trade whether he is aware that the imports of clocks from Germany for the first nine months of this year were valued at £254,165, as against 165,489 for a similar period in 1932; whether this is due to the recent trade agreement concluded with Ger- 801 many; and whether he is satisfied that compensating advantages are being obtained in other directions?
§ Mr. RUNCIMAN
I am aware of the facts to which my hon. Friend draws attention. No doubt the importation of clocks was facilitated by the reduction of duty under the trade agreement with Germany, but I would remind my hon. Friend that the agreement afforded substantial advantages to the United Kingdom coal trade and that as a consequence the exports of coal to Germany have increased materially during the period in question.