§ 75. Mr. Turtonasked the President of the Board of Trade what imports of pit-wood during the year 1949–50 have been paid for in dollars.
§ Mr. BottomleyFrom 1st January, 1949, to the end of February, 1950, 165,477 fathoms of mining timber have been purchased for dollars. The landed value was £3,706,237, of which only the f.o.b. price was payable in dollars. These imports represent deliveries against contracts made in Eastern Canada and Newfoundland in 1948, and no more have been placed since then. Only a small outstanding balance remains to be supplied.