HC Deb 02 November 1937 vol 328 cc692-3
6. Mr. Gallacher

asked the President of the Board of Trade whether he can give an estimate of losses sustained by British trade in and around Shanghai as a result of Japanese attacks on that city?

The President of the Board of Trade (Mr. Oliver Stanley)

It is impossible to give such an estimate on the data at present available.

Mr. Gallacher

Are we to take it from what has happened there that Fascists or military aggressors can destroy to their heart's content without any objection from this Government?

Mr. Stanley

That is hardly a question arising from the answer which I have given.

Mr. A. V. Alexander

Do the monthly returns of trade show any marked decline in the trade with China?

Mr. Stanley

The preliminary figures do. Of course the Foreign Office are collecting claims for damage, but they are not yet available.

Mr. Lyons

Can the right hon. Gentleman give any estimate of the capital losses sustained?

Mr. Stanley

I have said that down to the date mentioned in the original question it was not possible to give any estimate.