§ Mr. Speedasked the President of the Board of Trade what assumption he makes about the short run price elasticity of demand for copper as a basis for his 30W estimate of the cost to the United Kingdom balance of payments of the change from a fixed producer price for contract copper to a price equivalent to the London Metal Exchange three months forward price in April, 1966.
§ Mr. DellIt is assumed that demand for copper is relatively inelastic to price changes in the short term.
§ Mr. Speedasked the President of the Board of Trade if he will arrange for the London Metal Exchange three month forward price for copper to be substituted for the spot price in table 167 (March 1968) of the Monthly Digest of Statistics.
§ Mr. Speedasked the President of the Board of Trade what assumption he makes about the proportion of United Kingdom copper imports bought at producer prices in 1965 when estimating the extra cost of copper imports to the United Kingdom balance of payments due to the Rhodesian situation.