INDIAN COTTON
CURTAILING THE OUTPUT
' Delhi, January 5.
The Government, after a conference with banking representatives from various provinces to consider tho cotton situation. issued a statement recommending that advice be immediately given to cultivators to curtail cultivation considerably in 1915. As regards financial remedies, they reject all proposals for Government intervention to support a minimum prico, but with a view to encouraging a revival of trade i announco that the Presidency banks will be prepared to take a liberal attitude in making partial readvances. The Government in its turn will bo prepared to make loans to tho Presidency banks to a moderate extent, such loans to bo of assistance to the trade generally and not to cotton only. The funds required arc to be obtained hy temporarily inrrwinp the partial! ' as Ike usta resm've. :
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Dominion, Volume 8, Issue 2352, 7 January 1915, Page 5
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135INDIAN COTTON Dominion, Volume 8, Issue 2352, 7 January 1915, Page 5
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