§ Mr. Haleasked the President of the Board of Trade to state the spot price per lb. at Liverpool of first quality United States cotton, based on the average for the month, in November, 1955, November, 1953, and November, 1951.
§ Mr. Walker-SmithThere is a wide variety of good quality United States cottons, the spot prices of which are normally quoted in Liverpool in terms of premiums on the spot price of the representative grade of United States cotton—namely, middling 15/16 inches. The 351W average spot prices of this grade in November, 1955, November, 1953, and November, 1951, were 29.9, 31.5, and 42.0 pence per lb. respectively; the latter two prices are based on the Raw Cotton Commission's selling price for current delivery.