The joint standing committee of cotton trade organizations of Manchester to-day adopted a resolution protesting against the proposed Tuties on artificial silk yarn, on the wound that it was a necessary raw material for the cotton tra the were likely to very considerably to the cost of production and would seriously evipple a branch of industry that rapidly developing.
The Joint Industrial Council of the Silk Industry condemns the luries on raw silk and raw waste und urges drastic modification.
In the House of Commons to-day, Hut-Col. Walter Guinness, Fina cial Secretary to the Treasury, formed Mr. H. B. Lees-Smith (Labour) that the silk duties were estimated to produce £7,000,000 in a full year and 24,000,000 in 1926- The duties on made-up natural ile would yield £4,500,000 in a full year and £2,500,000 in 1925-26, while the duties on artificial silk would yield -£2,500,000 and £1,500,
Text read from the printed page and cleaned; old type leaves the occasional error.