YORKSHIRE BENEFITS

Dominion, Volume 26, Issue 32, 1 November 1932, Page 9

YORKSHIRE BENEFITS

Worsted & Woollen Trades BRITAIN’S 1931 DUTIES London, Oct. 30. The “Daily Telegraph’s” special correspondent in the West Riding says that employers and employees alike declare unjustified the scepticism as to the value of the Ottawa agreements to the worsted and woollen trades expressed by Mr. H. Holdsworth, Liberal member for Bradford, in the House of Commons on October 26. Last year’s duties have considerably benefited the trade in Bradford and Huddersfield. Despite the huge dumping of foreign cloths just before the duties were imposed, the new duties have enabled Yorkshire manufacturers to meet their foreign rivals on competitive terms. Much of the dumped cloths have already been re-exported. The Home trade has improved, and exports are reviving. The latter now are checked only by currency restriction in Eastern Europe and South America.

Mr. Holdsworth said that nobody in the woollen industry expected increased trade from the Ottawa agreements. Canada had given Bradford a five-foot wall to jump instead of a wall as high as a house. She cculd jump neither. The Canadian tariffs were absolutely prohibitive.