HC Deb 19 March 1940 vol 358 c1829W
Mr. Hamilton Kerr

asked the Minister of Economic Warfare whether he has any information about triangular transactions arranged by Germany with Spain and Sweden, by which Spain exports raw materials to Sweden, Sweden exports iron-ore to Germany, and Germany pays for the iron-ore by transferring to Sweden part of her peseta balances accumulated during the civil war, thereby enabling Sweden to pay for her raw materials purchased from Spain; and whether he has taken any steps to stop such circumvention of the blockade?

Mr. Cross

We are continually on the watch for traffic of this kind. If my hon. Friend can furnish any particulars of the transactions to which he refers I shall be most grateful.