§ 91. Mr. Chatawayasked the Chancellor of the Exchequer whether he is aware of the financial burden placed upon firms engaged in the importation of certain semi-processed commodities which have entered into long-term contracts; and whether, in framing his legislation for the imposition of the import surcharge, he will ensure that such firms are exempted from it.
§ Mr. MacDermotThe hon. Member will be aware that the Finance Bill, as approved at its Third Reading, contains no provisions of the kind he has in mind. The Government do not consider that goods covered by long term contracts should be singled out for exemption from the temporary import charge.
§ 92. Mr. McMasterasked the Chancellor of the Exchequer whether the 15 per cent. surcharge applies to spare parts and replacements ordered for foreign aircraft being operated on overseas services by British aircraft operators.
§ Mr. MacDermotSuch parts will be relieved from the charge provided the aircraft concerned exceed 18,000 lb. maximum total weight.