Cotton Industry Act 1959

Cotton Industry Act 1959

The United Kingdom Cotton Industry Act 1959 aimed to reorganise the Lancashire cotton industry to prevent further decline. It provided for grants to replace equipment. The reorganisation process was voluntary in large part to be managed by the Cotton Board (United Kingdom).[1]

It was the last major legislative intervention, following other attempts to help rationalise and modernise the industry including the Cotton Industry (Reorganisation) Act 1936 and 1939.

Implementation of the Act ran into considerable trouble as demand for cotton collapsed.

References

  1. ^ Cotton Industry Bill, second reading HC Deb 04 June 1959 vol 606 cc376-494

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