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policies of the U.S. and U.K. Governments differed.
The
U.S. Government went out of its way to help the small
businessman, and he did not accept that the small company
was by definition or implication inefficient.
66.
Mr. Jordan noted that the Production Index
having 1957 1959 as a 100 base, stood at 151.3 for
textiles and at 149.9 for apparel in 1968. The latest
figures showed continuing increases both for textiles and
apparels. With production up 50% over 10 years, there
seemed to be general well being in the textile industry
and surely any company that could not achieve some success
in those sort of conditions should be allowed to go to
the wall and did not deserve protection. Mr. Nehmer
said that convincing proof of inefficiency could only
come when textile imports were under restraint and this
excuse for inefficiency was removed.
67.
Mr. Stewart thought that the figures showed the
best sales/profit experience since the 1950's. Mr. Nehmer
asked why if the experience of the U.S. textile industry
had been so good there was such agitation for restraints
on imports?
68.
Mr. Jordan quoted the production indices for
various individual items all of which showed significant
increases. He wondered whether these figures showed that
rather than domestic production being forced out of the
/market
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