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West Indian Sugar (Subsidy Cost)

Volume 437: debated on Monday 5 May 1947

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37.

asked the Minister of Food what is the cost by subsidy on the importation of British West Indian raw sugar during 1947; what is the estimated cost for the financial year 1947; and what would be the cost of the sugar per pound without subsidy.

It is not possible to calculate accurately the subsidy on sugar imported from one particular source. The average subsidy on raw sugar in the financial year 1947–48 on present price levels would be about £15 7s. per ton. Imports of raw sugar from the British West Indies into the United Kingdom in 1947, are estimated at some 370,000 tons, on which the subsidy would be about £5,800,000. There is no reason to expect that the figure would be materially different in respect of the financial year 1947-48. Without subsidy, the retail price of sugar would be about 7d. per lb.