§ 68. Lord Willoughby de Eresbyasked the President of the Board of Trade whether he is aware of the clothing coupon loss to the retailers and the financial loss to the manufacturers of knitting yarns resulting from his Department's regulation of 28th November, 1946, making all knitting yarns weighing one ounce per 100 yards coupon-free; and what steps he proposes to take to enable the retailers to restock.
§ Mr. BelcherThe general licence which came into operation on 28th November is intended to enable wholesalers and retailers to clear their stocks of inferior yarns accumulated some time ago, and it was issued in response to strong representations from the retail trade. It should not have any detrimental effect on the long-term demand from manufacturers of heavy yarns of good quality.