§ 20. Mr. F. Willeyasked the President of the Board of Trade what progress has been made in the discussions following the trade agreement with the Argentine.
§ Mr. MackesonProvision was made in the Supplementary Trade Protocol concluded with Argentina on 31st December last about import quotas for United Kingdom manufactured goods to the value of £3 million, the details to be settled later. Agreement has now been reached and the industries concerned will be informed as quickly as possible of the import quotas which have been secured. The licences are to be issued in two equal instalments, the first £1½ million by the 6th June and the balance by the 30th September.
§ Mr. OsborneHow much of the £3 million will be spent on textiles?
§ Mr. MackesonThe Argentine Government do not intend to buy any textiles from us or any other country after June. However, they have given an assurance that if they buy textiles from anybody we shall have a share.