§ 29. Mr. Brooksasked the President of the Board of Trade, the number of cotton spindles destroyed under the Cotton Spinning Industry Act of 1936 and the total cost to the British taxpayer.
§ Mr. DaltonThe Spindles Board set up under this Act, acquired and disposed of some 6,100,000 spindles. The money for this purpose—amounting to some £876,000—was raised by a levy on spindles installed in cotton spinning mills and was not a charge on the taxpayer.
§ Mr. HammersleyHas my right hon. Friend got it in mind that the difficulties which this Act were designed to remedy, will recur unless a more favourable attitude towards licences is taken by his Department?
§ Mr. DaltonWe have this very much in mind, and, as reported in the Press this morning, a report has been submitted to me by the chairman of the Cotton Board.