§ Mr. Thornton-Kemsleyasked the Minister of Fuel and Power the total expenditure over a twelve month period to the latest convenient date on the import of motor fuel; and how much of this sum is payable in dollars, in sterling and in foreign soft currency.
§ Mr. ShinwellThe F.O.B. value of motor spirit imported into the U.K. during the 12 months ending 31st May, 1947, was approximately £19,000,000 of which about £11,000,000 was paid in U.S. dollars and £8,000,000 in sterling. There is a foreign currency cost incurred in the production and refining of oil by British oil companies, varying acording to the areas concerned. It is not, however, practicable to apportion this over particular petroleum products.