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Tuesday, October 31, 1972
However, if either of these amounts was to be fully utilised, it
would be necessary to "borrow" yardage from the other limit, thereby reducing
the amount available for shipment within that limit. "This is an additional
safeguard for the British industry that we have agreed to," he said.
Mr. Jordan said he was sorry that it had been necessary to suspend
export licensing without notice on October 7, and was aware that this had
caused some hardship to many local exporters and manufacturers.
However it
had been possible to get the trade moving again on October 23 under the interim
arrangements already announced to the trade, and the staff of the Commerce and
Industry Department were working "round the clock" to introduce the definitive
arrangements for the rest of this year and for 1973 and to allocate final
quotas within the next two weeks.
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