§ Vice-Admiral TAYLORasked the President of the Board of Trade whether, in view of the representations received from trade organisations and chambers of commerce calling attention to the injuries inflicted on several branches of British productive industry through the operation of most-favoured-nation treatment neutralising the effect of recent trade agreements with foreign countries, he will state the policy of the Government in this matter?
§ Mr. RUNCIMANI am not aware that there is any strong feeling in responsible commercial circles that the benefit of the tariff reductions obtained from foreign countries under recent trade agreements is neutralised by the operation of the most-favoured-nation provision. Although these reductions are extended to the products of third countries, they relate for the most part to trades in which the United Kingdom has a predominant or an important interest.