HC Deb 13 July 1967 vol 750 cc145-6W
Sir R. Russell

asked the President of the Board of Trade what is the value of the Commonwealth preference system in relation both to British exports and to Commonwealth imports into Great Britain; and if he will make a statement.

Mr. Jay

In 1962 imports from the Commonwealth Preference Area were worth approximately £1,585 m. c.i.f. of which about 61 per cent. enjoyed margins of preference averaging approximately 11.8 per cent. In 1961 U.K. exports to the Area were worth some £1,337 million f.o.b., of which between 53 per cent. and 56 per cent. enjoyed margins of prefer-

Separate details on completions for privately owned and for local authority rented dwellings are included in the table below.

any Order that has ben made since 29th June, 1967, declaring that the values have been determined.

Mr. Marsh

By an Order dated 12th July, 1967, the values of the securities named below were declared to have been determined. The securities and their values are as follows:

ence averaging 12 per cent. Later figures are not available but there is no reason to suppose that the position has changed significantly.