Mr. RUNCIMANasked the President of the Board of Trade whether he is cognisant of any agreement to supply Australian zinc concentrates to the British spelter industry; and, if so, whether he can communicate to the House a short statement as to the terms of this agreement?
§ Sir P. CUNLIFFE-LISTERIn 1923 the Board of Trade entered into contracts to sell to British smelters the whole of the available zinc concentrates which the Board had purchased from the producers; these contracts expire on 30th June, 1930. The quantities deliverable under the contracts vary according to the output from the Broken Hill mines, and the prices obtained for the concentrates vary according to the market price of spelter at the time of delivery.