§ Mr. A. Hendersonasked the President of the Board of Trade whether he is aware that according to the official trade return figures the total of British exports and re-exports from 1st October, 1934, to 31st March, 1939, was £120,743,000, while the official estimate on 19th July was that between 1st November, 1934, and 31st May, 1939, the total was at least £135,000,000; and whether he will account for such discrepancy?
§ Mr. R. S. HudsonOn the assumption that the hon. and learned Member is referring to trade with Germany, the first figure quoted is approximately correct, the actual figure being £119,467,000. The figure of £135,000,000 was an estimate made in accordance with a method of calculation provided for in the Anglo-German Payments Agreement to determine Germany's obligations under that agreement, including items which do not appear in the trade returns.