§ 63. Mr. S. Shephardasked the President of the Board of Trade if he will consider sending a delegation from the wool and cotton industries to Europe to look into the possibility of converting raw cotton and wool into yarns and cloths for return to this country.
§ Mr. BelcherA delegation from the wool industry has recently visited Germany to arrange for processing on British account. Somewhat similar arrangements have already been made for cotton, and inquiries are being made about the possibility of extending the volume of these transactions in Germany. Cotton and wool are also processed on British account in other European countries, especially Italy and Austria. It is open to any United Kingdom firm to make such arrangements, subject to general approval, of the purpose for which the yarn is to be imported and of the method of payment.