§ 10. Mr. William Shepherdasked the President of the Board of Trade the present market price of wool tops, together with the controlled price to the manufacturers in the price structure for utility cloth.
§ The President of the Board of Trade (Sir Stafford Cripps)Prices vary according to type and market. The controlled prices for tops for manufacture of goods for the home trade are laid down in the Control of Wool (No. 34) (Prices) Order, 1947, of which I am sending to the hon. Member a copy.
§ Mr. ShepherdIs it not a fact that the controlled price has been below the world market price, and spinners are finding it difficult, and have found it difficult for six months, to get supplies for utility articles?
§ Sir S. CrippsI do not think that it is true that the controlled price has been below the market price, because the wool that is being used was bought at much lower prices and was coming from stock. I do not think there is any present difficulty, but if there is and any particular spinner will apply to the Wool Control they will adjust it.
§ Mr. OsborneIs the right hon. and learned Gentleman satisfied that the position of keeping up the supplies of wool will be met when the next period starts?
§ Sir S. CrippsSo far as I know.