§ Mr. NEWBOULDasked the President of the Board of Trade whether the Government intends in the near future to withdraw the bread subsidy altogether?
§ Sir W. MITCHELL-THOMSONI have been asked to reply. I have nothing to add to the reply given by my right hon. Friend the Chancellor of the Exchequer on this subject to the hon. Member for Kennington (Mr. Purchase) on the 4th instant.
§ Mr. NEWBOULDasked the President of the Board of Trade what would be the effect on the price of this quartern loaf of the abolition of the bread subsidy?
§ Sir W. MITCHELL-THOMSONI have been asked to reply. If the bread subsidy were abolished to-day the price of the 4-lb. loaf on the basis of present world prices of wheat would, it is estimated, stand approximately at 1s. 5d. It is, of course, impossible to predict the future course of prices.