§ 80. Mr. Errollasked the President of the Board of Trade whether the prescribed 80 per cent. of the import cost of the precious and semi-precious stones imported during 1948 has now been recovered by way of re-export.
§ Mr. Bottomley:Yes. A check is kept on the performance of each exporter and in the event of a failure to achieve the export target the firm's licence would not normally be renewed.