HC Deb 03 December 1946 vol 431 c36W
76. Mr. Marples

asked the President of the Board of Trade what action he intends to take to prevent the present volume of cotton business between foreign countries, which would normally be subject to Liverpool contracts and arbitration and produce substantial foreign exchange, being done by foreign competitive markets without benefit to this country.

Mr. Marquand

Liverpool firms are free subject to Exchange Regulations, to undertake cotton business between foreign countries. Discussions are, at present, taking place with the Liverpool and Manchester Cotton Associations with a view to the continued provision of arbitration facilities under the rules of the associations.