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Prices And Stocks (Publication)

Volume 463: debated on Monday 11 April 1949

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36 and 37.

asked the Minister of Food (1) what considerations are taken into account by him, and upon what principles he acts, before deciding whether or not it is in the public interest to disclose the price paid for any particular commodity in which his Department is interested;

(2) what considerations are taken into account by him, and upon what principles he acts, before deciding whether or not it is in the public interest to disclose the stocks of any particular commodity held by or under the authority of his Department.

The considerations are those which any prudent trader would take into account or act on in similar circumstances. The Ministry's policy has normally been not to publish particulars of stocks held or the prices paid for supplies. The grounds for the policy are that publication of such data would prejudice the Ministry's trading operations.

Is the right hon. Lady aware that the general belief is that these figures are only disclosed when favourable to the Government and not disclosed when unfavourable? When the right hon. Lady mentions future trading arrangements, does she mean that her Department is proposing to buy further supplies of Algerian wine?

Is not the Minister aware that eventually we find out what these prices are, since usually they are published abroad and drift back to us in this country? Why should she not tell us sooner?

The hon. Gentleman has been asking questions this afternoon about other commodities. Surely, as a business man, he must appreciate the position at this moment, when we are negotiating with the Argentine for meat, animal feedingstuffs and linseed oil. Surely it would be imprudent to disclose now what our stocks are and what are the prices which we have paid?

The right hon. Lady specifically referred to the consideration of future purchases. As she has now said that it is not her intention to purchase any more Algerian wine, will she say why the price and the stocks have not been disclosed?

When I said we are not going to purchase any more Algerian wine, I was talking about our short-term programme.