3
3 It would be possible to apply course a. without course b.
and still go some way towards evening out the upsurge, but
it would be less effective in this sense than a combination of
a. and b., and it would be a lot less acceptable to developing
countries. in the Commonwealth Preference Area.
4
+
Unless we can implement these two proposals, CT believe
that as much as eighteen months' supplies of cotton textiles
could arrive in the twelve months up to early 1972 instead of
being spread over fifteen months or more. Whilst we cannot,
of course, be sure that the peak would be as big as this, We
should be open to serious criticism in Lancashire if it were
and we had done nothing to anticipate it. HMG have said that
they would consider the re-introduction of quotas on certain
products if total imports of cotton textiles rose significantly
and caused disruption to the market for those particular
products. We believe we should do our best to prevent such a
situation arising, however temporarily, in the early months of
1972.
:
The estimate of eighteen months' supplies is made up as
follows. Up to three months' supplies will arrive in the early
months of 1971 under the carry over from the 1970 quotas,
which this year is heavier than usual. Without duty relief
CPA's
in early 1972 the whole of the 1971 quota entitlements can be
expected to arrive during 1971, and these arrivals will almost
certainly be heavier than in the last two years, when quotas
have been underfilled, because this year exporters will try to