HC Deb 25 February 1952 vol 496 c100W
134. Mr. Edelman

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

Mr. Hopkinson

Under the recent Agreement the United States authorities will pay £944 a ton f.o.b. for Straits tin or its equivalent. Her Majesty's Government have the option to deliver up to 5,000 tons of the total of 20,000 in other qualities, for which the price will be £936 a ton f.o.b. The latest market quotations are £978 settlement price for cash tin in London and £958 in Singapore. Since the price varies from day to day and since it is impossible to say at present in what proportions the different brands of tin will actually be delivered or on what market they will be bought, the calculation asked for by the hon. Member cannot be made.