§ 15. Mr. Peyton
asked the Minister of Supply what results to the British aircraft industry he anticipates will follow upon the policy of certain United States aircraft firms to buy back old aircraft from overseas customers who place orders for new aircraft.
§ Mr. Aubrey Jones
The practice mentioned does, of course, make more difficult British entry into markets in which American manufacturers are already well established. But it is not an American prerogative and is but one of the elements which go to make a competitive offer.
§ Mr. Peyton
Does not my right hon. Friend agree that this is an example of thoroughly short-sighted, cut-throat competition of the worst kind? Will he take an early opportunity to discuss this matter both with the industry and potential customers? Does not he also think that some representation should be made to the United States Administration, either by himself or his right hon. Friend, to point out that this is the commerce of Bedlam and not common sense?