PURCHASE OF LINEN
REPLY TO PRESS CRITICISMS. PROFITEERING AIMS DEFEATED. Pree* Aeeooiation—By Telegraph—Copyright. LONDON, June 20. The newspapers, in criticising the Gov- ! ernment's sale of .40,000,000 yards of linen, not required for aeroplane wings, to Leonard Martin for £4,000,000, say that it is equivalent to the world supply for three years. They point out that the . Government has n6t protected the public against possible profiteering, though Martin purchased the line below its cost price, . involving the taxpayers in the loss of several millions. The papers also declare that the release of such an enormous supply of linen will adversely affect -the Belfast linen and'the Manchester cotton trades. Mr Martin contends that the Belfast manufacturers insisted on carrying ont the"ir war contracts for aeroplane linen, \ despite the armistice, hoping to purchase back the enormous surplus at a big pro-. fit after the armistice, for they offered the Government only 30 per cent, of \ their contract price with the Government.—A- and N.Z. Cable.
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Bibliographic details
Otago Daily Times, Issue 17658, 23 June 1919, Page 5
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161PURCHASE OF LINEN Otago Daily Times, Issue 17658, 23 June 1919, Page 5
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