§ Mr. Hamilton Kerrasked the President of the Board of Trade whether his attention has been called to the fact that a 2198W subsidy on exports of American cotton and American cotton goods has been brought into effect; what will be the result of this subsidy on British sales of textiles abroad; and whether he is satisfied that it does not infringe the reciprocal concessions obtained by us under the Anglo-American trade agreement?
§ Mr. StanleyIt is not possible to foresee how, if at all, the subsidies in question will affect the relative competitive position of United Kingdom and United States cotton textile exports. As regards the third part of the question, the payment of subsidies on United States exports of cotton and cotton manufactures does not conflict with the terms of the United Kingdom-United States Trade Agreement.