§ 38. Sir C. Taylorasked the President of the Board of Trade what is his estimate of the effect of Great Britain's entry into the Common Market upon the operation of the Treaty which has recently been concluded with Japan.
§ Mr. ErrollUnder the provisions of Article 29 (3) of the Treaty, either Contracting Party can participate in a Customs Union without being bound, under the most-favoured-nation provisions, to extend to the other the benefit of any treatment, preference or privilege Which it extends by virtue of the formation of such a Customs Union.