HC Deb 26 July 1950 vol 478 cc457-8
62. Mr. Arbuthnot

asked the Minister of Food whether he is now in a position to make a statement with regard to the re-opening of the London tea auctions.

Mr. Webb

Yes, Sir. The Government have decided, in principle, that the London Tea Market shall re-open in April, 1951, and the trade are now free to take any necessary preliminary steps to that end. Rationing, price control and subsidy arangements must continue for a time, and a scheme has been devised for the operation of the tea auctions under these conditions. Full co-operation has been promised by all sections of the trade, and, as this has largely contributed to the successful working of the present system, I believe that the scheme will serve its purpose satisfactorily. It should be emphasised, however, that this decision may have to be reviewed in the light of any developments in the international situation.

Mr. Arbuthnot

Will the details of the scheme be made available to the House?

Mr. Webb

There is not a scheme in that sense, but, if it is necessary, I am prepared to issue as many details as I can. It is not a complicated scheme which requires a White Paper.

Mr. Turton

At what date will Government buying of tea cease?

Mr. Webb

At the last moment before April, 1951, when we are required to buy tea.

Mr. Sydney Silverman

Can my right hon. Friend say whether the rapid rise in tea shares over the last 48 hours is part of the co-operation of the trade on which he relies?

Mr. Remnant

Have the Governments of the exporting countries been consulted, and will tea auctions be permitted to deal with tea manufactured before 1951?

Mr. Webb

The reply to the first part of the Question is "Yes," but I do not know off-hand the reply to the second part.

Mr. Arbuthnot

How does the Government propose to dispose of the Government stocks once the tea auctions have been re-opened? Will these stocks be made available and sold at the auctions?

Mr. Webb

That is part of the scheme.