IMPORTS OF COTTON
LICENSES REQUIRED REDUCTION PLANNED (Elec. Tel. Copyright —United Press Assn.) (British Official Wireless.) Reod. 9 a.m. RUGBY, May 27. The Board of Trade announced that it had made an order adding raw cotton to the list of goods subject to import licensing. It is stated in well-informed circles that the existing stocks of raw cotton in Britain are abnormally large and it is necessary urgently to conserve foreign exchange and save shipping space by reducing next season’s imports to a level in line with requirements. Since the outbreak of war, imports, particularly from the United States, have been very heavy, nearly 1,900,000 bales being received from August to the middle of May—a figure very considerably in excess of that during the whole of any recent season. The programme of future imports will be discussed with the United States authorities.
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Bibliographic details
Gisborne Herald, Volume LXVII, Issue 20259, 29 May 1940, Page 4
Word Count
142IMPORTS OF COTTON Gisborne Herald, Volume LXVII, Issue 20259, 29 May 1940, Page 4
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