§ 16. Sir R. Boothby
asked the President of the Board of Trade whether he is aware that, at the height of the currency crisis in September of last year, dollars amounting to £2 million were made available for the purchase of United States leather; and, in view of the fact that ample supplies of upper leather existed in this country, what was the object of making the first release of dollars since the war for this purpose at that time.
§ Sir D. Eccles
I would refer my hon. Friend to my statement of 2nd July last when I informed the House of the Government's decision to remove the import controls on a large number of commodities used in industry and to increase the dollar quota for leather to £2 million. By far the greatest part of this trade is with Canada.