COTTON TRADE
BALLOT IN BRITAIN
IM PR O VEM ENT SCHEM ES
BUYING REDUNDANT SPINDLES
(British Official Wireless.) Roc. 10 a.m. . RUGBY, Jan. 5. As expected, the result of the recent ballot of cotton spinning firms shows that Britain does not provide the required 70 per cent, spindleage in the tiade to permit of further progress with the suggested scheme for the formation of a Cotton Spinners’ Association to carry out the quota system for the regulation of production and prices in this section of the cotton industry. The voting showed that only 50.76 per cent, were in favor.
A second scheme, for the buying up of redundant spindles, either scrapping them or putting them “into cold storage,’’ for which purpose it is suggested that funds should be raised by a statutary levy on all operating spindles, also was the subject of a recent questionnaire to the trade. The voting in favor of this scheme showed 66.34 per cent, for, 18.40 per cent, against, and 15.26 per cent, no replies. These figures are considered by the Federation of Master Cotton Spinners’ Associations to warrant proceeding with the scheme.
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https://paperspast.natlib.govt.nz/newspapers/PBH19350108.2.87
Bibliographic details
Poverty Bay Herald, Volume LXII, Issue 18598, 8 January 1935, Page 7
Word Count
188COTTON TRADE Poverty Bay Herald, Volume LXII, Issue 18598, 8 January 1935, Page 7
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