2726. Do you agree with the preceding witness, that there are two prices for hosiery goods bought-a cash price, and a price when paid in goods?-I very seldom buy goods for cash. 2727. But if you were doing so, would you have two prices?-I would not give the same price in cash as in goods. 2728. Do you also agree with his statement, that where you buy a shawl or other Shetland hosiery for goods, you do not get any profit except the profit which you have upon the goods?-I would not say that. 2729. In pricing a shawl, do you allow a certain margin for your own profit?-There must be that; because we get a very great deal of bad stock, and a good many of the things lie on our hands for a considerable time before we can realize what they cost us, and therefore we must have a margin for profit. 2730. There has been a statement made, that a shawl which sells in the south for 30s. can be made in Shetland for 26s. 6d.; do you agree with that?-Yes; from about 25s. to 26s. 6d. 2731. You think that statement is about correct?-Yes. 2732. Is that the price you would give in cash for such a shawl?-I am not prepared to say that. Until a cash tariff comes in, I could not decidedly say what I would give for it. 2733. Is that because of the rarity of your dealings in cash?-It is not exactly that; I should think that there would be an ordinary profit. 2734. I am speaking of a shawl that would sell in the south for 30s.; would the price you give for that shawl in goods be 26s. 6d.?-No; would be nearer 30s. in goods, perhaps about 28s. 6d. 2735. And if you were to buy it for cash, the price would be from 25s. to 26s.?-Perhaps about 26s. 2736. Then, if a similar shawl were made by your own knitters, how would you calculate the cost of production? would you supply a certain amount of Shetland wool?-Yes. 2737. How much would it require?-I think it would require about 35 or 36 cuts at 4d.-12s.; 13s. for the knitting of the shawl, and 6d. for the dressing; making 25s. 6d. That is for a white shawl, without speaking of dyeing at all. 2738. Do you deal in the commoner hosiery?-Yes. 2739. Is the system pursued in that business the same as you have described?-Yes. 2740. There is no difference that you think worth referring to?- No. 2741. Do you agree generally with Mr. Sinclair on all the other points he has spoken to?-I do. 2742. You have pointed out some differences in answer to my questions with regard to several of the points, but you don't remember anything else on which you incline to differ from him?-No; I think there is very little in which I would be inclined to differ from him. 2743. Is there anything else you wish to state?-I should wish to make one explanation with regard to the evidence given in Edinburgh about the cost of the worsted for a 30s. shawl. 2744. That evidence has already been spoken to by Mr. Laurenson?-I did not hear his evidence.