RAYON KNITTED FABRICS

Evening Post, Volume CXXVIII, Issue 15, 18 July 1939, Page 12

RAYON KNITTED FABRICS

The British warp knitting industry hopes to obtain from Mr. W. Nash, Now Zealand's Minister of Finance and Customs, an assurance that no further restrictions will be imposed in the future on British rayon knitted fabrics, states "The Post's" London correspondent.

The Milanese Warp and Glove Fabric Manufacturers' Association, which is affiliated to the Rayon and Silk Association, and represents some 20,000 employees, recently learned that an approach had been made to the New Zealand Bureau of Industries and Commerce by two local knitted fabric manufacturers requesting that imports of knitted rayon fabric should be reduced by 50 per cent, for the second half of 1939. further reduced in 1940 to 25 per cent, of the present volume, and completely eliminated in 1941.

The Rayon and Silk Association states that the fact that knitted fabric imports will not be curtailed before the end of this year does not indicate, however, that the exemption from restriction will be continued after that period, nor is there any evidence that the establishment of new textile factories in the Dominion will be r,hQcked.

Experience in Australia and Eire has shown th^t knitted fabric in these countries can only be produced at prices rangins from 40 per cent, to SO per cent, higher than Itose quoted in the United Kingdom. The result has been that prohibitive import duties have been imposed in both of these Dominions, in order to exclude British knitted rayon fabrics from the markets altogether.