11
TABLE III
000 Tons
Net increments in dollar imports by U.S. companies over 1948-49 level
000 Tons
British companies'. unallocated
supplies*
Page 402
$ Million
Potential saving
Method II (=value of (iii))
To U.K. To R.S.A.
Total
(i)
(ii)
(iii)
(iv)
(v)
1949-50 (full year)
522
219
741
2,033
21.8
1951
...
954
987
1,941
4,211
45.5
1952
113
1,263
1,376
3,633
41.1
1953
78
1,611
1,689
3,172
54.6
1954
79
1,879
1,958
3,949
63.3
NOTE
1. It is estimated that United States companies' imports of dollar oil amounted in 1948-49 to-
U.K. R.S.A.
3,500,000 tons 3,971,000
93
These figures may need revision as statistics are brought up to date, and the R.S.A. figures will have to be checked with other Commonwealth countries.
2. The reason for the fall in the increment in dollar imports into the United Kingdom after 1951 is the assumed completion of United States-owned refineries in United Kingdom in 1952. This will not, however, eliminate imports of all dollar products by United States companies.
3. Some United States companies already buy part of their supplies from British companies. These sterling supplies are excluded from the above calculations.
Method II.-Cutting Dollar Imports by United States Companies to 90 per cent. of 1948-49 Level
31.
To replace a cut of more than 10 per cent. in white products would be impossible in 1949-50 as we have already assumed the maximum stock reduction that would seem to be practicable; and, in fuel oil in the later years it may be difficult to provide British oil to replace even as much as a 10 per cent. cut. On balance, however, it is felt justifiable to show the full value of the increment as the potential saving under this method of discrimination.
TABLE IV
000 Tons
Net increments in dollar imports by U.S. companies over 90% of 1948-49 level
$ Million
Potential saving Method II (=value of (iii))
000 Tons
British companies' unallocated supplies*
To U.K. To R.S.A.
(i)
Total
(ii)
(iii)
(iv)
(v)
1949-50 (full year)
865
577
1,442
2,033
42.9
1951
...
1,304
1,384
2,688
4,211
67.8
1952
154
1,660
1,814
3,633
55.7
1953
85
2,008
2,093
3,172
68.4
1954
86
2,276
2,362
3,949
77.1
""
* The figures for 1949–50 and 1951 exclude fuel oil for which there would be no “discriminatory outlet in the sterling area. The potential" discriminatory "outlet for fuel oil in the special case of Britmex could be met out of these excluded quantities up to 1952, by which time Britmex is expected directly or indirectly to draw its requirements from the Fawley refinery.
Method III-Replacing Dollar Imports with the Full Amount of British
Companies' Unallocated Supplies
32. This method assumes the use of all British companies' unallocated supplies as at present estimated to replace dollar oils, but the actual quantities available mayage the even prove to be less or more.
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