§ 52. Mr. Mawbyasked the President of the Board of Trade if he will make a statement about the future of the British cotton industry.
§ Mr. JayThe British cotton industry is rapidly becoming more capital intensive, with larger vertically organised units. I hope that these changes will help to create a stronger industry, using a variety of fibres, with high productivity, good wages and low costs. To prevent excessive imports from impeding this reorganisation, I am at present negotiating with overseas countries to place a total limit on disruptive imports.