§ 43. Mr. F. J. Erroll
asked the President of the Board of Trade if he will make a statement on the present method of purchasing raw tobacco for British cigarette factories, together with details of methods adopted to ensure economy in the use of dollars.
§ Mr. P. Thorneycroft
All unmanufactured tobacco is bought on private account, mainly at auctions in the producing countries. By arrangement with the companies, the dollar expenditure which manufacturers are authorised to incur is kept as low as is compatible with maintaining an adequate supply of cigarettes for the home and export trades.
§ Mr. Erroll
Will the Minister bear in mind the success of this method when considering the re-opening of the Liverpool Cotton Exchange?
§ Mr. Thorneycroft
This Question refers to tobacco. If my hon. Friend wishes to ask about cotton, perhaps he will put a Question on the Order Paper.