HC Deb 23 February 1937 vol 320 c1813
26. Mr. Ellis Smith

asked the President of the Board of Trade when, and to whom, the undertaking was given by Compensation Brokers, Limited; what method of regulation of the business is contemplated; what steps are contemplated in the undertaking; and whether he will furnish a copy of the undertaking to Members of the House?

Mr. Runciman

The undertaking was given in the course of conversation with officials. Subsequently, in a statement issued to the Press, the company stated: Compensation Brokers, Limited, proposes to work in close contact with British industry in order to ensure that additional German exports will not divert trade from the United Kingdom. I am sending the hon. Member a copy of a brochure issued by the company stating the aims and objects of the company.

Mr. Smith

Is the President satisfied that this arrangement is in the interests of the future of British trade?

Mr. Runciman

Yes, Sir, we are satisfied of that, but of course, we shall watch the proceedings.

Mr. R. C. Morrison

Would the right hon. Gentleman be prepared to give the list of shareholders of Compensation Brokers, Limited?

Mr. Runciman

That should be the subject of another question.

Mr. Thurtle

Is the right hon. Gentleman satisfied that the patriotism of Messrs. Schroeder is of the highest kind?