§ 63. Mr. Thornton
asked the President of the Board of Trade what progress has been made, since the passing of the Cotton Industry Act, 1959, towards a more vertical structure of the Lancashire textile industry; and to what extent the 124W amalgamations now taking place will result in a more horizontal stratification.
§ Mr. D. Price
Though progress in strengthening the organisation of the cotton textile industry has not so far been very great, my right hon. Friend is aware that some amalgamations have taken place and that much thought has been given to the subject both by industry itself and by the Cotton Board. My right hon. Friend will welcome any measures which will improve the efficiency and competitive position of the industry.