An Act to provide for the elimination of redundant spinning machinery in cotton mills in Great Britain by means of a Board having power to acquire property and to borrow and levy money; for the making of certain payments to the said Board out of the Consolidated Fund or moneys provided by Parliament, and the making of certain payments by the said Board to the Exchequer; and for purposes connected with the matters aforesaid.
The Cotton Spinning Industry Act 1936 (26 Geo. 5 & 1 Edw. 8. c. 21) was an act of Parliament in the United Kingdom which introduced a compulsory levy on cotton machinery. The proceeds from this levy were used to scrap surplus spindles.[1]
