§ 79. Sir I. Fraserasked the President of the Board of Trade what is the Government's policy with regard to exports of manufactured goods from Western Germany to the Colonial Empire where such exports come into competition with British manufactured goods.
§ Mr. BottomleyThere is a strong demand in the Colonies for manufactured goods of many kinds from this country and from Western Germany, and under the present arrangements for trade between Western Germany and the sterling area we have agreed to as high a level of German exports to the Colonial markets as possible without increasing our liability to pay dollars to Western Germany.