§ 36. Mr. Osborne
asked the President of the Board of Trade how many applications for duty-free licences to import machinery not made in the United Kingdom, have been received since March, 1952; and how many have been granted
§ Mr. P. Thorneycroft
No duty-free licences for machinery have been granted under Section 10 of the Finance Act, 1932, against any of the 918 applications made since 11th March, 1952.
Mr. H. Wilson
Does not the President's answer mean that the law, as stated in Section 10 of the 1932 Act, is being utterly frustrated by the fact that the Government are refusing every single application for licences, and have done so since the Chancellor's Budget speech of 11th March, 1952?
§ Mr. Thorneycroft
No, I do not think that the law has been frustrated. A full inquiry into this matter is now proceeding.