§ 15. Mr. R. Acland
asked the President of the Board of Trade whether any and, if so, what increase in the price of steel rods for reinforced concrete has been approved by the Import Duties Advisory Committee during the last 18 months?
The price of steel rods for reinforced concrete was increased with the assent of the Import Duties Advisory Committee on 1st June, 1936, by 6s. a ton; on 1st January, 1937, by 3s. a ton; and on 1st May, 1937, by £1 19s. a ton for rods of untested quality and by £2 8s. a ton for rods of tested and guaranteed quality.
§ Mr. Acland
Can the right hon. Gentleman say, roughly, what 3s. per ton increase since June, 1937, represents as a percentage?
If the hon. Member can do the arithmetic, I can tell him that the price before that increase was £8 9s. per ton.
§ Mr. Acland
If I bring to his notice a case of an increase of 27 per cent., will he look into it and ascertain whether it is right?
Is the President aware that in many cases where the supply of structural steel cannot be obtained for building clients have been recommended to use concrete construction, and that this heavy increase of duty is stopping that method of building as well?
The right hon. Member will realise that these increases are the inevitable consequence of the increase some time ago in basic steel prices.