§ 52. Mr. Boyd-Carpenterasked the Chancellor of the Exchequer how much dollar currency has been made available to the National Coal Board for the purchase of coal from abroad.
§ Mr. GaitskellOn their current import programme, the National Coal Board had by 22nd January spent 3,345,440 dollars on purchases of coal from the United States of America.
§ Mr. Boyd-CarpenterHas any limit been imposed by the right hon. Gentleman on future expenditure under this heading, and if so, what is that limit?
§ Mr. GaitskellThey have been authorised to purchase up to 1.2 million tons of coal.
§ Brigadier RaynerWas not the Chancellor rather disappointed to find the Coal Board buying coal at £7 a ton and selling it at £4 a ton?
§ Mr. NabarroIs the figure which the right hon. Gentleman has quoted based on an f.o.b. or a c.i.f. basis, and was the coal transported in British or American ships?
§ Mr. GaitskellThe figure is the cost including the freight figure and it includes such dollar freight as there was.
§ Mr. PagetIs not the position that, because of the efficiency of the National Coal Board, coal produced in England is about half the price of coal produced in the rest of the world?
§ Mr. Geoffrey LloydDoes not the right hon. Gentleman's reply mean that before 1532 these transactions are completed, dollar expenditure by the National Coal Board will be at least twice as much as that which was indignantly refused by the Government for increasing the basic ration of petrol last year?