§ Mr. Ron Lewis
asked the President of the Board of Trade whether he will clarify the rules regarding investments outside the scheduled territories taking the form of the export stock-in-trade free of payment.349W
§ Mr. Jay
Exports of goods, including exports of stock-in-trade, free of payment are permitted only when they meet the criterion, which my right hon. Friend the Chancellor of the Exchequer announced in his Budget speech, of an early, substantial and continuing benefit to the United Kingdom balance of payments.
In addition it is always open to a firm to export stock-in-trade on credit terms. The period of credit normally allowed is
UNITED KINGDOM IMPORTS 1964 1965 Weight Value Weight Value Tons £'000 Tons £'000 Hides and skins, undressed— Bovine (including buffalo) and equine hides, excluding calf skins and kip skins 39,956 6,350 41,914 6,768 Calfskins and kipskins 4,634 1,380 5.286 1,918 Coat skins and kid skins (except Yemen, Mongolian and Tibetan) 3,241 2,035 2,779 1,680 Sheep and lamb skins (except Astrakhan, Caracul, Persian lamb, broadtail and similar skins) 29,657 10,799 24,839 8,456 Horns, antlers, hooves, nails, claws and beaks of animals, unworked or simply prepared but not cut to shape 5,608 263 5,532 289