§ 53. Mr. Leaveyasked the President of the Board of Trade, in view of the fact that collectively the cotton industry has, since 28th June, put in new proposals for spending more than £100 million on modernisation, he will now respond to this lead by the industry by providing the safeguards regarding imports which are necessary for the effective operation of the Cotton Industry Act.
§ Mr. ErrollWhile recognising that applications for re-equipment grant do not commit firms to their implementation, I welcome the fact that they have reached some £115 million. I hope that the safeguards regarding imports which I explained to the House on June 6th and June 28th will encourage the industry to press forward with its much needed re-equipment and modernisation.