§ Sir W. PEARCE
asked the Minister of Munitions whether he is aware that the exchange value of lead is of great consequence to chemical manufacturers, and that in fixing the value of old lead at £26 more than double the usual difference 1007W between old and new sheet lead is established; and if prompt steps will be taken to ensure a return to the usual basis of exchange?
§ Dr. ADDISON
I am aware that the difference between the prices of old lead and new sheet lead has been greater since the fixing of the old lead price at £26 per ton net. It should be borne in mind that the manufacturers for the most part had stocks of material in hand for which a greater price than the price of £29 per ton net fixed by the Order had been paid. These stocks are now being absorbed and the price of sheet lead has fallen considerably during the last few days. Steps will be taken shortly to fix maximum prices for manufactured lead based on those now fixed for virgin and scrap lead.