§ 48. Mr. R. Acland
asked the President of the Board of Trade whether he can state, in relation to the dealings of the British Iron and Steel Federation in imported iron and steel, other than steel imported under the cartel arrangements, what are the total profits on those transactions which have shown a profit and what are the total losses on those transactions which have shown a loss to the latest available date; and, in relation to steel imported under the cartel arrangements, what are the present office charges or what is the present average office charge made by the federation for handling this steel?
§ The Parliamentary Secretary to the Board of Trade (Dr. Burgin)
I am informed that, in addition to the material referred to in my reply of 26th January to the hon. Member, the Federation have imported 23,600 tons of iron and steel in addition to the amounts imported under the cartel agreement, and that the profit on this importation amounts to £3,120. The average charge on all imports under the cartel agreement amounts to 9.01d. a ton.