§ Captain Stricklandasked the Minister of Supply whether the terms of sale set out in the Control of Timber (No.1) Order, No. 1031, legalising the addition of 6 per cent. interest on credit accounts or 1 per cent. above bank rate, whichever is the higher, are to be applied to all control orders; and why this principle has been adopted for the timber trade?
§ Mr. BurginIn general, the Control Orders for raw materials are based on the usage of the trades concerned, and this principle is observed in the provision for credit terms in the Control of Timber (No.1) Order to which my hon. and gallant Friend refers. Any question of providing for credit terms in Control Orders for other commodities would depend on the practice in the trades concerned.