§ 79. Mr. Gammans
asked the President of the Board of Trade if, in view of the rapid disappearance of the U.S. loan it is 317W proposed to reduce or eliminate altogether the importation of U.S. films.
§ Mr. Belcher
I should be very sorry to eliminate altogether the importation of United States films. Apart, however, from the prospect of new quota legislation to replace the expiring Act of 1938, I hope and believe that the rising output of our own studios will progressively reduce the outflow of film remittances to America. I hope also that the net debit balance on Anglo-American film account will be substantially and progressively reduced by the wider distribution of British pictures in America.