Osaka, Oct. 23 A control programme, coping with the whole of the cotton industry was announced to-day by the Ministry of Commerce and Industry, which provides for the following:
1. The restriction of raw cotton imports to 1,050,000 piculs per month for ihe present.
2. A levy of 10 per cent. as a centrol fee for sales of raw cotton, in orcer to reduce cotton consumption for domestic use. This control levy, however, will be refunded when the cotton goods are made for export purposes.
3. The announcement on each Saturday of the highest limit to which the price of cotton yarn may go with a view to checking any abnormal rise, The Government later announced the highest price limits as follow: Cotton Yarn, basis Grade Golden Fish, 20 Counts, Y. 230 per bale: raw cotton basis Strict Middling, seven-eighths inch staple, Y. 52 per picul. Both are for delivery January/Febrvary, 1938.—Reuter, on
Text read from the printed page and cleaned; old type leaves the occasional error.