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following small (5-7%) increases in 1969 and 1970.
However these increases are partly due to the
swing everwhere towards mmf. Moreover 4/5 of this
year's increases were from non low cost sources (HK was
the only low cost supplier to export significantly
more), principally EFTA countries but also the EEC and
USA.
Interim Summation
10. We always expected that the period of disturbance
connected with the new policy would last until the
and
middle of 1972 that the market would then settle
down to better and more stable prices thanks to the
tariff. Are there new factors that seriously affect
this assessment?
What do the British industry say?
11. When the British Textile Employers Association (BTEA) saw Sir John Eden on 11 October they made the
following points:-
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/ (a)