BRITISH PARLIAMENT.

Hokitika Guardian, 4 April 1928, Page 2

BRITISH PARLIAMENT.

COTTON TRADE IN LANCASHIRE

Australian Press Assn.—United Service LONDON, April 2. In the House of Commons, the Rt. Ibm Air Tom Shaw (Labour) moved in favour of a Government Inquiry into the notion trade, which has been in a state of <ha os i-.irice the war. Ho ii;i iff that a. searching inquiry was ne-<isv-,ary right Horn (.be quo.lion of the enpifili-’.ntiou of tie* India down to the omebael.o;! of !h< , I'd. b Sir P. Coidiffe Lister said be ewn■ patbi /ed u i'll Mr HliJi'a’r objci t., hot

though a. Gotei no,‘ id Inquiry fit Ja<-. sent would bo most helpful,. H>e Bid four Committee would sb'ef.lj ireoe a review of the whole p. j.rti'U l t-f the country. Tbe .Manchester f banv Iht of Commerce wa-, abeielv inquiring into all the processes from those of manufacture to those of sale. ffe was of opinion that the House s b-sf. no-'-ago U, Lancashire was: “Get on with the job yourselves.” Mr Hbav/V. motion was negatived bv 2G) votes to 33. Ihe Gommdiee on Industry, under the Chairmanship of k/i Arthur Bailout'. publi'lieil a isyjrt on industrial commercial <-ffi< n y, Jl say.,: There is no question that He- gig-nit.ie financial operations whereby .so many Lancashire cotton spinning mills have become over-capitalised, have seriously added to the economic difficulties of the cotton industry. It is a disquieting feature that shrewd I'uni ness men should have allowed great, staple industry to fall no easy a victim to speculators, and compr.ny promoters. It is pointed out that migration of British men overseas is now less than half pre-war, which is attributable to the American Immigration Act. ami Australia and New Zealand’s discouragement of any but rural migrants.