§ 41. Sir W. Smithersasked the President of the Board of Trade if, in view of the sharp fall in prices of raw cotton, he will immediately remove all controls from manufactured cotton goods and allow the law of supply and demand freely to operate both in cash and futures dealings.
§ Mr. H. HyndOn a point of Order, Mr. Speaker. Is not this the fourth Question asked by the hon. Member for Orpington (Sir W. Smithers)?
§ Mr. SpeakerI think it is the third. I was watching that, too.
§ Mr. MarquandThe answer to Question No. 41 is "No, Sir."
§ Sir W. SmithersIs the Minister aware that bulk purchase, the closing of the Liverpool Cotton Exchange and the refusal to deal in futures, are the main causes of these violent fluctuations, and are driving these very valuable invisible exports to foreign centres?
§ Mr. MarquandI think I answered that sort of question very fully on Thursday night.