It has been agreed in principle that the increase in price of raw cotton should not be applied to cotton used for home consumption and the arguments in favour of this decision are equally applicable to Colonial territories, where much the greater part of the cotton manufactures imported from the United Kingdom is destined for consumption by the mass of the populations in the Colonies, and can fairly be regarded as essential consumption goods. 3. 4. The particular reasons for this view are:- (a) The general obligations of His Majesty's Government towards the Colonies which have been so frequently emphasised lately impose upon us exactly the same duty as we have towards the consumer in this country, namely to provide the necessities of life at a price within the reach of the poor consumer.