§ 60. Mr. Bennasked the Financial Secretary to the Treasury the money value of Imperial Preference to the oil industry in Trinidad for any given period?
§ Lieut.-Colonel ColvilleThe right hon. Gentleman is, I think, under a misapprehension as there is no preferential rate of duty in respect of hydrocarbon oils imported from Empire countries.
§ 61. Mr. Bennasked the Financial Secretary to the Treasury whether he can form any estimate in money terms of the advantage accruing to the sugar industry in Trinidad from the operation of Imperial Preference?
§ Lieut.-Colonel ColvilleThe amount of the preferential rebate on sugar and molasses consigned from Trinidad and Tobago, and entered for home consumption in the United Kingdom, during the calendar year 1937 was approximately £530,000. Separate figures for Trinidad are not available.