XN000022-1972-10-31 — Page 3

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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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