§ Wing-Commander James
asked the President of the Board of Trade to what extent the Diamond Manufacturers' Association has failed to keep an undertaking given to him to export 75 per cent. of the gem stones cut; who gave him this pledge on behalf of the association; and what action he has taken in the matter?
§ Sir A. Duncan
I neither sought nor received an undertaking with regard to a minimum export percentage from the Diamond Manufacturers' Association. I have, however, obtained undertakings from the importers of rough diamonds to sell rough stones for cutting only to those manufacturers who guarantee individually that no less than 75 per cent. of the cut gems will be exported. A supplementary understanding has also been reached with the importers regarding supplies of rough stones suitable for cutting for export. To ensure that manufacturers implement their guarantees my Department will keep a close watch on their purchases and sales.