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Bulk Buying

Volume 437: debated on Tuesday 13 May 1947

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asked the President of the Board of Trade whether in view of the fact that there is a widespread feeling throughout the country that the policy of bulk buying of the foods and materials which Britain needs is opposed to the best interests of the country, he will set up a committee to investigate the whole matter and to render a report.

No, Sir. I do not accept the hon. Member's premise. Nor do I think any useful purpose would be served by such an investigation.

Is it not a fact that under bulk buying we do not know what is going on save only that supplies are becoming increasingly less at ever increasing prices, and will the hon. Gentleman not consider calling in the experts to deliver the goods?

The experts are already there. I think it is not surprising that the sort of thing described by the hon. Gentleman exists in a world sellers' market.

In view of the fact that the Minister of Food refuses to dis- close details of these purchases and the taxpayer has to bear the loss, will the hon. Gentleman not consider the suggestion to set up this committee so that the whole country may know the details?

It would not be a bad idea if that question were addressed to the right hon. Gentleman the Minister of Food.