§ 29. Lieut.-Commander Fletcherasked the President of the Board of Trade whether he will make a statement concerning the progress of the negotiations with the United States of America concerning the exchange of American cotton and wheat for strategic raw materials?
§ The President of the Board of Trade (Mr. Oliver Stanley)I would refer the hon. and gallant Member to the reply which I gave to questions by the hon. Members for the Forest of Dean (Mr.Price), and for Oldham (Mr. Hamilton Kerr) on 23rd May.
§ Lieut.-Commander FletcherCan the right hon. Gentleman say whether these negotiations are proceeding smoothly and without hitch, and whether he anticipates their being brought to a conclusion before the end of the present Session?
§ Mr. StanleyI should not like to give any definite date. The hon. and gallant Member will realise that there are a large number of points to be considered but the negotiations are proceeding quite satisfactorily.