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Wool (Price)

Volume 485: debated on Tuesday 6 March 1951

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78.

asked the President of the Board of Trade if he is aware of the difficulties facing certain sections of the clothing industry as a result of the increase in the price of wool; and if he has any proposals to deal with the situation.

The high price of wool is caused by the world shortage, due in large measure to greatly increased military demands. This shortage can only be relieved by international action, and, as I informed my hon. Friend the Member for Wycombe (Mr. Haire) on 27th February, His Majesty's Government will be represented on a Wool Committee of the International Materials Conference which will meet in Washington early in April to recommend measures for increasing the production and ensuring the effective distribution and use of wool.