COTTON EXPORTS
FUNCTIONS OF NEW COMPANY
(British Official Wireless.) (Received August 1, 2 p.m.)
RUGBY, July 31.
The British Overseas Cottons, Ltd., registered as a private company with a nominal capital, whose function is to assist the Cotton Board in the promotion of the export trade, is to have made available about £300,000 in a full year, which is a sum corresponding to the proceeds of the levy of 5d per hundred pounds of raw cotton imposed by the Board of Trade as from tomorrow. The company will be in a position to make a, number of experiments in organising the production, of particular cloths through separate sections of the cotton industry, mainly spinning, weaving and finishing, and in the sale of such cloths through normal trade channels to overseas importers. The company's facilities will enable it to assist materially in the solution of the difficulties of the export trade in acute cases that cannot be overcome by independent firms or by private export syndicates now beine «v-*-*-nised [by the Cotton Board.
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Bibliographic details
Evening Post, Volume CXXX, Issue 28, 1 August 1940, Page 12
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172COTTON EXPORTS Evening Post, Volume CXXX, Issue 28, 1 August 1940, Page 12
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