§ 66. Major Legge-Bourkeasked the Minister of Food what influenced his Department in making the changes of price for tallow in the autumn of 1948 and in September, 1949; how the prices before and after each change compared with world prices; and what was the effect after each change on the supplies of tallow in the United Kingdom.
§ Dr. SummerskillOur buying prices for tallow are negotiated after taking into account the supply prospects. Owing to exchange difficulties there is at present no world price, and prices differ according to the source of supplies. As we make our purchases at different times from a number of countries, I regret that it is not possible to answer the third part of the Question.
§ Major Legge-BourkeIs it not a fact that the price being offered for Australian 29 tallow was £50 to £60 above the American price, and that on devaluation the British price dropped by £30? Why was that?
§ Dr. SummerskillI could not agree.