§ Major GLYNasked the President of the Board of Trade what is the estimated storage capacity in Great Britain for refined spirit and for crude oil; and whether, seeing that if the consumer is to obtain either of these products at reasonable prices the provision of adequate storage is a necessity, and that until such storage is provided the existing high prices are likely to continue in spite of petrol being available c.i.f. a British port at 1s. 3½d he will look into this matter?
§ Sir P. LLOYD-GREAMEStorage tanks can be utilised interchangeably for various grades of oil, but it is estimated that about 120 million gallons capacity is at present reserved for motor spirit. There is no consumption in this country of crude oil, but if my hon. and gallant Friend is referring to fuel oil, it is estimated that accommodation for nearly 1,000,000 tons in commercial tankage is available in Great Britain. There seems no reason to suppose that the present provision is inadequate or that special steps to increase it are necessary.