§ 105. Mr. Chichester-Clarkasked the President of the Board of Trade what estimate he has made of the prospects of the textile industry as a result of devaluation.
§ Mr. J. P. W. Mallalieu:I am confident that devaluation should increase exports and reduce imports of textiles and encourage the greater use of domestically produced fibres. The Board of Trade are discussing the detailed effects with the industry.