Stored Cotton (Damage)

Oral Answers to Questions — Trade and Commerce – in the House of Commons at 12:00 am on 2nd March 1948.

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Photo of Lieut-Colonel Sir Walter Bromley-Davenport Lieut-Colonel Sir Walter Bromley-Davenport , Knutsford 12:00 am, 2nd March 1948

asked the President of the Board of Trade whether any estimate can yet be made of the loss through damage to cotton bought in bulk by the Raw Cotton Commission and stored here for long periods with inadequate protection from the weather.

Photo of Mr Arthur Bottomley Mr Arthur Bottomley , Rochester Chatham

I presume that the hon. and gallant Member is referring to the Cotton Control, as the Raw Cotton Commission has only been in operation for about two months. The loss to the Cotton Control, over the last two years of its trading, arising from damage to its cotton stocks while in store, amounted to about 0.4 per cent. of the value of the cotton, and was due in the main to storage conditions overseas. The loss from damage caused to cotton while in store in this country cannot be separately estimated, but was insignificant. The loss by damage, both abroad and here, represents an extremely small part of the advantage from early purchase at favourable prices.