§ Sir W. Smithersasked the President of the Board of Trade is he will give a list of outstanding long-term contracts of raw materials which have been made with other Governments or Colonial administrations; and indicate in each case what provision there is for the reduction or review of the rates during the term and the dates when each contract expires.
§ Mr. BottomleyOnly one such contract is still outstanding. This was made early in 1949 with the New Zealand Dairy Marketing Commission for the supply of 2,600 tons of lactic casein in each of the years 1949–50 and 1950–51. The contract contains no provision for review of the price agreed upon, which was, and has remained, an advantageous one. The contract expires on 31st July, 1951.