Premium

20.500.12592/99p8rw

ISSUE PRICES FOR RAW COTTON. Memorandum by the Chancellor of the Exchequer.

17 Mar 1944

A. An increase of 41/2d. per lb. would be equivalent to rather more than 50% on the present price of raw cotton, and I am informed that the corresponding increase in the price of cotton goods would be approximately 12% even assuming that inflation of margins is avoided at all stages. Increases of this order, applied suddenly to a wide and important range of goods, would be comparatively severe; and the length of the period during which the gap between issue price and actual cost has been allowed to remain and to grow wider must accentuate the effect of such changes.
subsidies cotton exports imports manufacturing materials price controls prices rationing supply textiles price control licensing overseas trade nationwide lord president's committee hm treasury
Civil Defence Region
Nationwide
Collection ID
CAB71
Document Reference
CAB 71/16/52
Document Types
Memorandum
File Reference
CAB 71/16
Former Department Reference
LP(44) 50
Identifier
10.1080/wtss.cab71.000016.052
Keywords
Cotton Exports Imports Overseas Trade Price Controls Prices Subsidies Textiles
Language
English
Organizations Discussed
HM Treasury Lord President's Committee
Pages
3
Published in
United Kingdom
Series
Papers Nos. 1(44) - 100(44)
Themes
Rationing Supply Licensing Price Control Manufacturing Materials

Related Topics

All