§ 4. Mr. THEODORE TAYLORasked whether any and, if so, what undertaking has been given by the British Government to buy American cotton?
§ Lord ROBERT CECILAt the time that cotton was declared contraband His Majesty's Government stated that they contemplated the initiation of measures to relieve, as far as possible, any abnormal depression which might temporarily disturb market conditions. No further undertaking was given, and no abnormal depression has occurred. The intentions of His Majesty's Government were published in the Press on the 23rd August.