85. Major Lloydasked the Minister of Supply what steps he is taking to review as a matter of urgency the prices paid for collecting iron and steel scrap.
§ Mr. G. R. StraussIn their Third Report the Select Committee on Estimates recommended that the prices paid for collecting scrap should be reviewed as a matter of urgency, and I am bringing this recommendation to the notice of the Iron and Steel Corporation of Great Britain. The view which has hitherto prevailed has been that an increase in the price of scrap would not produce any significant additional supplies. The only result would be a corresponding increase in the price of steel. In my opinion, this view is still correct and no increase is warranted in the present controlled prices. which I consider are reasonable.