HC Deb 10 December 1946 vol 431 cc195-6W
72. Mr. W. Fletcher

asked the President of the Board of Trade what part of the average cost of the 469,000 tons of cotton, contracted for by the Government at 23.26 cents. per lb., is represented by the usual charges for freight, transport, insurance warehousing, loss of interest and the proportionate administration costs of the Cotton Control.

Mr. Marquand

About 2.45 cents. was included in the average cost of 23.26 cents. to cover freight, marine and marine war risk insurance, and warehousing overseas. The figure of 23.26 cents. was for delivered price to United Kingdom ports, and cost of administration and interest were not included. These costs, to United Kingdom ports, would be about 0.25 cents. per lb.