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Iron And Steel Federation

Volume 319: debated on Tuesday 2 February 1937

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asked the President of the Board of Trade what is to be done with the profits made by the British Iron and Steel Federation out of their dealings with imported iron and steel, other than iron and steel imported under the cartel agreement?

I am informed that the intention of the Federation is to use any profits there may be for some corporate purpose such as, for instance, the encouragement of the export trade; at the moment, however, they fear that substantial losses may result from some of the later transactions.