Consideration was given to memoranda dated 30th May, 1947, and 5th June, 1947, submitted by the Ministers for Industry and Commerce and Agriculture, respectively, regarding a modification of the Anglo-Irish Trade Agreement, 1938.¹ It was decided -
(1) that the value of £1,300 or over should be substituted for the value of £750 or over, specified in Article 17(3) of the Agreement, in respect of private motor vehicles the importation of which into this country is allowed free of quantitative restriction; and
(2) that, pending a more complete revision of the Agreement which is likely to arise out of the multilateral tariff negotiations at the Preparatory Committee for the World Conference on Trade and Employment, there should be an understanding between the Irish and British Governments that the former should be free to proceed with the protection of any of the industries which they are now precluded from protecting under article 5(1) of the Agreement, subject to their giving prior notice to the British Board of Trade of their intention to impose a duty on any particular item.