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Canada (Trade)

Volume 463: debated on Tuesday 29 March 1949

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51.

asked the Chancellor of the Exchequer whether he will now consider modifying his fiscal policy so as to ensure that Canada is not shut out from the sterling market areas, with special regard to the difficulties which exist at the present time.

We are making a sustained effort to increase our trade with Canada precisely in order that we may have the means to pay for Canadian goods which we greatly desire to import. In this connection it is hoped that the limited concessions recently made by the British West Indies the Bahamas and Bermuda in regard to hard currency imports will have proved of benefit to Canada.

Is the Chancellor aware of increasing Canadian anxiety about the trade position? Why is it that the contract formerly placed with Canada for timber, bacon, apples and newsprint has been given to Iron Curtain countries?

I think I appreciate the object of the hon. Member's supplementary question. The reason why we cannot buy all the things we should like from Canada is because we have not got the dollars.