HC Deb 20 November 1952 vol 507 cc182-3W
56. Mr. Erroll

asked the Chancellor of the Exchequer whether he will permit the Hawker Siddeley Aircraft Company's earnings of Brazilian currency arising from the sale of jet aircraft to be applied to the payment of a specified future importation of Brazilian cotton by the Raw Cotton Commission.

Sir A. Salter

My right hon. Friend the President of the Board of Trade, in his statement to the House on 13th November, explained the scope and limits of the responsibility of Her Majesty's Government in this matter. The Raw Cotton Commission have discretion to make purchases outside the sterling area within an approved total amount, and on the other hand the aircraft exported will have to be paid for in accordance with the appropriate regulations.