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Dollar Purchases

Volume 480: debated on Tuesday 14 November 1950

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67.

asked the Chancellor of the Exchequer how many dollars would be required to purchase the extra timber to allow 300,000 houses to be built per annum and to purchase the additional sugar necessary to end sweet and sugar rationing.

On the basis of current prices the cost of the timber required for an additional 100,000 houses would be of the order of 20 million dollars plus freight charges of about £3 million of which some part would be in dollars; enough extra sugar to abolish sweet and sugar rationing would cost approximately 115 million dollars.