§ 70. Sir R. Glyn
asked the President of the Board of Trade to what extent it is intended to increase the price of 3s. a pound paid by the United Kingdom Cotton Board to the Nigerian Cotton Board in order to encourage the cultivation of cotton seed in Nigeria and permit the grower to receive more than 4d. a pound, at which figure it now has ceased to be a paying crop.
§ Mr. Rhodes
The price paid by the Raw Cotton Commission to sellers of270W raw cotton is a matter for their own commercial discretion and I do not propose to interfere. The second part of the Question is a matter which concerns my right hon. Friend the Secretary of State for the Colonies. I would, however, point out that the first price quoted relates to cotton lint, one pound of which required three pounds of seed cotton, to which, I assume, the second price quoted relates.