Major HENDERSONasked the President of the Board of Trade whether he is now in a position to make a statement in regard to any possible reduction in the present retail price of knitting wool?
§ Sir A. GEDDESThere is no shortage in the immediate or prospective supplies of wool in this country, but the demand has largely been concentrated on the finer varieties and this helps to maintain the present high level of prices. Further, the transport of wool is subject to considerable delays, owing to congestion at the ports, and shortage of railway wagons. When transport conditions improve it is hoped that the greater freedom of supplies will have a favourable effect upon retail prices.