§ 57. Sir W. SUGDENasked the President of the Board of Trade, if his attention has been drawn to the schemes for the reconstruction of the American cotton-spinning trade in Lancashire; and if he will state what he is prepared to do in respect of the various schemes and proposals before the country in regard to assistance for the American cotton-spinning trade in Lancashire?
§ Mr. H. WILLIAMSI assume that my hon. Friend is referring to the various schemes of amalgamation which are being discussed in connection with the American section of the cotton trade. The Government are watching with great interest all such developments and are glad to think that one scheme has already been launched. It is, I think, a most hopeful sign that it has been found possible to establish the Corporation in question without any financial assistance from the Government.
§ Sir W. SUGDENWill the Government assist, financially, or in any other way, any agreed proposals between employ és and employers in the American section of the cotton trade?
§ Mr. WILLIAMSI cannot give any guarantee about financial assistance. I have already indicated our satisfaction that the scheme has been launched so far without any financial assistance.