A London, Mar, 2 Sir Andrew Duncan made his maiden speech as President of the Board of Trade in the House of Commons last night, moving the second reading of the Cotton Industry Bill.
"The last war dealt the exports of cotton a hard, cruel blow," he said. Leaders of the cotton industry, who support the Bill, are not prepared to run the same risks as on the last occasion, They desire there should be in the export trade a concerted effort to bring to their aid all the knowledge of markets which only a proper examination and analysis can bring."
The Cotton Board proposed by the Bill, he went on, would establish immediately such a market intelligence.
Experienced investigators would investigate on the spot in foreign markets, and the Board would even send a special mission to follow up preliminary investigations, undertake central exhibitions and, undoubtedly, conduct collective publicity.
Plans had already been made to send investigators to markets urgently needing their business, The Bill received its second reading without a division.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.