§ 79. Mr. W. Wells
asked the President of the Board of Trade whether he is aware that Australian wool prices have fallen to the level of August, 1950; and whether he proposes to cancel increases in the prices of utility clothing made since that date.
§ Mr. Rhodes
I am watching closely the prices of raw wool, which have now fallen approximately to the levels ruling in the two months following the opening of the Australian auctions last August. None of the current maximum prices reflect the high level which the price of raw wool reached earlier this year. If the price of raw wool falls below the levels reflected in current maximum prices of clothing, these latter prices will, of course, be reviewed.