§ Mr. W. S. Morrison
asked the President of the Board of Trade how many bales of Soviet cotton have recently been purchased for this country; what was the price paid per lb. for this cotton; and how does this price compare with the price of U.S. cotton of comparable qualities available at the same time.90W
§ Sir S. Cripps
The recent purchases of Soviet cotton were made at prices nominally somewhat lower than American, but the two growths are not fully comparable. The terms of contract for United States cotton are also in some respects more favourable. I do not consider it would be in the public interest to disclose the prices paid or the quantity bought.