§ 53. Mr. Wootton-Daviesasked the Minister of Supply whether the £500,000 a year to be paid to the Manchester and Liverpool Cotton Association will be the total cost of purchasing all cotton imported?
§ Sir A. DuncanAgreement has been reached in principle with the Manchester 1565 and Liverpool Cotton Associations under which a company set up by them will purchase, sell and distribute imported cotton on behalf of the Government. Details are being worked out, but the fee of £500,000 will cover all purchasing, selling and distributive costs apart from certain disbursements on such items as storage and transport.