Britain To Limit Cotton Imports
LONDON, May 27. The Board of Trade .announces that it has made an order adding raw cotton to the list of goods subject to import licensing. It is stated in well-informed circles that existing stocks of raw cotton in Great Britain .are abnormally large, and it is necessary urgently to conserve foreign exchange and to 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 having been 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 U.S. authorities.
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Northern Advocate, 29 May 1940, Page 4
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128Britain To Limit Cotton Imports Northern Advocate, 29 May 1940, Page 4
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