NOTHING TO BE WRITTEN IN THIS MARGIN
is coming from the smaller and weaker (but
The DTI:
vociferous) firms of the B.T.E.A. which are becoming
more nervous as 1 January 1972 approaches.
recognise that the level of unemployment in
Lancashire is mainly due to other factors than the
level of imports; the general state of the economy;
the combination of static demand and production;
continuing low efficiency;
the structural shifts
away from cottons to mmf and from woven to knitted
fabrics; the relative failure of firms to contain
prices.
It is tone thado
6. Imports in cotton textiles have risen in 1971
this
but have been within the limits of current restrictive
arrangements.
Bunching and upsurge was expected
(indeed this was the justification for providing
as recently as
in the Finance Bill
for relief from the new tariff for the first 3 months
The miscare in war ww 1830
of 1972, and can be traced to the roll forward of
Lcan
unused 1970 plus the expected full use of the
/plus
1971 quota. Imports of mmf increased significantly
in 1971 but are partly due to the swing everywhere
towards mmf. Moreover 4/5 of this increase was
from non low cost sources (except Hong-Kong).
7.
phros It
t was always expected that the period of
disturbance would last until the middle of 1972
and that the market would then settle down to better
and more stable prices thanks to the tariff.
And there has always been a safeguard
8.
An williant part ez
In announcing the new tariff policy in is the solprivad July 1969 Mr Crosland stated in Parliament that
"Her Majesty's Government would consider the use
of quotas only on particular products under the