§ 64. Mrs. Tateasked the Chancellor of the Exchequer whether, in view of the restricted buying likely to follow the imposition of the Purchase Tax, he will, at an appropriate date, consult with the President of the Board of Trade with regard to the possibility of the cancellation of the Limitation of Supplies Order?
§ Sir K. WoodNo, Sir. The objects of the two measures are not identical and do not cover the same field. The Purchase Tax is designed to create additional revenue, while the Limitation of Supplies Orders aim at securing the utilisation of the country's productive resources, and its exchange and shipping resources, in relation to the import of raw materials, to the best national advantage 606 by diverting them to the munition industries and the export trade, except in so far as they are essential for maintaining indispensable home needs.
§ Mrs. TateIs my right hon. Friend aware that, owing to the Limitation of Supplies Order, followed by the Purchase Tax, certain sections of the glove industry will be entirely exterminated; and, in the interest of revenue, at any rate, is that not regrettable?