§ 51. Colonel J. R. H. Hutchison
asked the President of the Board of Trade what is the difference between the minimum prices laid down by the Association of Nigerian Timber Merchants for reserved timbers under the Hardwood Overseas Procurement Scheme and the maximum prices laid down in Order 497 after taking into account cost of transport, handling commissions and other necessary costs.
§ Mr. J. Edwards
Maximum prices for most private imports of hardwood under the scheme known as the Hardwood Overseas Procurement Scheme, Part III, are not laid down in S.I. 497 of 1949 (the Imported Hardwood Prices Order, 1949), but are separately fixed by individual orders in each case. There is no necessary relationship between the prices which any overseas trade association may fix for hardwoods and their statutory price in this country. I have no information about the prices charged by the Association of Nigerian Timber Merchants.