§ 54. Sir W. Smithersasked the Chancellor of the Exchequer to what extent goods imported, upon which a duty is charged, can be made the subject of a drawback when those goods are made up and re-exported, as in a case of which details have been sent to him; and if he is aware that unless the drawback is allowed, British manufacturers are placed at a disadvantage in world markets.
§ Mr. Glenvil HallDrawback of the protective duty paid on imported material used in the manufacture of exported goods, can be obtained where a case is made out under Section 9 of the Finance Act, 1932, as amended. The answer to the second part of the Question is "Yes, Sir." But in considering schemes of drawback, the interests of the United Kingdom manufacturers of similar materials to those imported, must be considered as well as those of the exporter.
§ Sir W. SmithersIs not the Financial Secretary aware that these theoretical restrictions on trade are doing more harm than good? Had he not better remove them all?
§ Mr. Glenvil HallIf I read the hon. Gentleman's mind aright, he has a particular instance in mind, and I would like to tell him that negotiations between the manufacturers concerned and the Board of Trade are now taking place.
§ Sir W. SmithersWith what hope?