LANCASHIRE COTTON INDUSTRY.

Colonist, Volume LXI, Issue 15040, 7 April 1919, Page 5

LANCASHIRE COTTON INDUSTRY.

MILLS CLOSING

EFFECT OF EXPORT RESTRIC- • TIONS.

r Australian and N.Z. Cable Association?

London, April J=

Mr Dennis, M.P., in an interview, said extensive Lancashire clothing mills were' closing on account of restrictions on exports preventing an .influx_.oi money. Sweden, Denmark, and Holland could absorb several millions worth wirhout leakage to Germany. Japanese cotton goods.were selling m England below Lancashire prices. Manufacturers are urging the bovernment to improve the cable service. They complain that delays prevent stabilisation of the price of raw cotton.