International Cotton Advisory Committee

The tenth plenary meeting of the International Cotton Advisory Committee met at Lahore, Pakistan, from February 1 to 9, 1951. The meeting was attended by representatives of nineteen member governments and by observers from seven other governments and the Organization for European Economic Cooperation. An increased budget and work program for the 1951–1952 fiscal year was approved and the secretariat was instructed to continue publication of the “Monthly Review of the World Cotton Situation” and the “Quarterly Statistical Bulletin” as well as undertaking certain other projects. Members were requested to provide the secretariat with cotton statistics and to consider the possibility of “further practical measures for the improvement of their raw cotton price information.” The secretariat was further requested, under the supervision of the Standing Committee, to continue its statistics and research on an international cotton agreement by preparing information on prices, production, exports, imports, consumption and stocks, and by consideration of the problem of the constitution of buffer stocks of cotton. The Standing Committee was requested to keep the balance of payments situation under review and to report to the eleventh plenary meeting in case of a serious deterioration. In connection with the cotton shortage, the meeting resolved to call the attention of the agencies concerned with technical and financial assistance, to the fact that the promotion of increased yields in cotton production in underdeveloped countries “would be very beneficial.”