§ Mr. P. Thorneycroft
The rate of import duty on foreign winding machinery used in the cotton textile industry is generally 20 per cent. ad valorem. I have received no applications for the variation of this duty. Since August, 1954, I have received fifty-two applications for licences to import textile winding machinery free of duty, under Section 10 of the Finance Act, 1932, of which seven have been granted, twenty-eight refused and seventeen are still under consideration.