HC Deb 31 January 1940 vol 356 cc1161-2W
Captain Ramsay

asked the Minister of Supply (1) why home-grown down wool, quoted at 20d. clean last July, was only released at 31d. for the rationing period commencing 1st November; and who has made the 50 per cent. profit;

(2) why colonial wools are only to be released at the next rationing period at a price 35 per cent. higher than the first 50 per cent. increase; and into what accounts the large resulting profits will find their way?

Colonel Llewellin

The issue price operating from 1st March has been calculated upon the basis of the replacement cost of Australian and other wools from abroad, which have been bought at a substantially higher price level than that ruling last season, with higher costs of importation. This issue price is not out of line with those at which supplies will be available to other countries. As a temporary measure, wool from stocks in this country, which were requisitioned generally at about 10 per cent. above pre-war prices, is until March being issued for home consumption at an intermediate price about 20 per cent. above pre-war. Any profit will accrue to the Exchequer.

Captain Ramsay

asked the Minister of Supply whether he is aware that the arbitrary price increases of 50per cent. and now a further 35 per cent. on wool will cripple the Scottish mills which cater mostly for export trade; and whether this matter has received the attention and approval of the Government?

Colonel Llewellin

I would refer my hon. and gallant Friend to the reply which I have given to-day to his other Questions on the same subject.