EGYPTIAN COTTON
ARRANGEMENTS FOR BRITISH PURCHASES. IN EVENT OF PRICES FALLING. (British Official Wireless.) RUGBY. November 19. The Minister of Supply announces that the British Government has informed the Egyptian Government that in its desire to assist in the orderly disposal of the cotton crop it is prepared to buy up to a maximum of 155,000,0001 b of Egyptian cotton, which is approximately the equivalent of the quantity previously exported to Germany and German-occupied territory. Britain's purchases will be made only if cotton prices weaken below the closing prices on November 11 at Alexdria and will be continued for so long as they remain below that level. It is not intended to place this cotton on the market as present, since this would discourage buying on the commercial account, but it is not possible to give an undertaking as to the future till the state of the demand and the position of supplies from other sources as af-
fected by shipping and other considerations can be better judged than the present information allows.
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Wairarapa Times-Age, 21 November 1939, Page 5
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173EGYPTIAN COTTON Wairarapa Times-Age, 21 November 1939, Page 5
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