HC Deb 21 February 1952 vol 496 c66W
138. Mr. Edelman

asked the Secretary for Overseas Trade, as representing the Chancellor of the Duchy of Lancaster, at what price he has sold rubber to the United States authorities; and what profit or loss this represents on the basis of the most recent market prices.

Mr. Hopkinson

The price to be paid by the United States authorities will average about 45 cents per lb. Net receipts from the sale are estimated at £8.6 million; at current prices the cost of replacement would be approximately £7.7 million.