§ 44. Mr. Chorltonasked the President of the Board of Trade whether he will, in order to assist the export cotton trade, consider taking steps to arrange for a bounty based on the efficiency of the works concerned, as schemes already submitted do not hold out much hope of success owing to the amount of levy to be paid and the cost?
Mr. StanleyI am afraid that there is nothing I can add to the replies previously given to my hon. Friend on the question of export bounties on cotton goods.
§ Mr. ChorltonIn the present unfortunate condition of the cotton trade is it not obvious that some compensation, monetary or otherwise, should be given to the exporter, and that otherwise the trade will never recover?
Mr. StanleyMy hon. Friend is, no doubt, aware that, quite apart from other considerations, complications would ensue in the Lancashire export markets if it could be said that exports were subsidised. I am not aware that such a bounty has even been proposed before.