HC Deb 12 April 1951 vol 486 c1165
6. Mr. Shepherd

asked the President of the Board of Trade if he is satisfied that the present rate of export of rayon and cotton yarns gives the highest con version value; and whether, in the light of the existing circumstances, he is contemplating making any change in policy.

Mr. Rhodes

The conversion value of our exports, though an important factor, is not the only consideration which must be taken into account in determining the most advantageous rate of exports of rayon and cotton yarns. Steps have already been taken to reduce exports of these yarns, and we are satisfied that, on balance, these are adequate in present circumstances, but we shall continue to watch the position carefully.

Mr. Shepherd

While appreciating that we have to bear in mind the interests of long-term markets may I ask if it is not a fact that the Board of Trade has been very dilatory in this matter? Cannot they become more receptive to changes in this field?

Mr. Rhodes

I disagree entirely. We have been very much up to the mark. We have had assurances already from the cotton spinners that our own weavers will not go short.