§ Mr. Thornton-Kemsleyasked the Chancellor of the Exchequer the estimated current annual rate of subsidy paid in respect of each item subsidised; and the amount by which each item would rise in price if its subsidy were abolished.
§ Sir S. CrippsSo far as the food subsidies, at present totalling £462.6 million, are concerned, I have nothing to add to the information given by my right hon. Friend the Minister of Food on 1st November, 1949, in reply to a Question by the hon. Member for Central Hull (Captain Hewitson). In addition subsidies or trading losses are incurred on the following raw materials:
65W
Commodity Estimated Current Annual rate of Subsidy and/or Trading Loss Price Increase if Subsidy or Trading Loss were eliminated Home-Grown Flax. £110,000 £55 per ton Iron and Steel £12,500,000 Various according to the product e.g. £2 5s. 0d. per ton on price of wire rod.
§ Mr. Thornton-Kemsleyasked the Chancellor of the Exchequer the annual rate of payments made to subsidise food under the following categories: the amount paid to reduce the cost of imported food, of imported feedingstuffs, of home-grown food, of home-grown feedingstuffs; and the amounts paid in acreage payments, in fertiliser subsidies, and in any other categories.
§ Sir S. CrippsThe annual rate of payments made—
£m. To reduce the cost of imported food is 183.5 To reduce the cost of home-grown food is 211.3 To reduce the cost of imported feedingstuffs is 33.8 To reduce the cost of home-grown feedingstuffs is 2.9 Average Payments 16.1 Fertilizers 15.0 £462.6