RUBBER RESTRICTION SCHEME
——£ — ANNOUNCEMENT OF INQUIRY CAUSES SLUMP IN PRICES Rugby, February 9. The announcement that the Prime Minister has formed a Committee of Civil Research to inquire into the operations and effects of the rubber restriction scheme, caused a-slump in the London rubber market-to-day. Rubber, which closed last night around Is. 6d. per lb., fell to Is. 3|d., but recovered latqr to Is. 4Jd. Rubber shares declined in sympathy. The slump was the .ject of a question in the House ot Commons, the Prime Minister . being asked whether he would expedite the inquiry, having regard to possible violent fluctuations in rubber pending the report of the committee. The Prime Minister replied that the committee would need to obtain a considerable amount of information before submitting a report. Suject to that, no time would be lost.—British Official Wireless.
[Under the Stevenson scheme, which has been in operation for several years in Malaya, the chief rubber-growing area of the world, provision is made that the export ot raw rubber shall be controlled according to the ruling market price. America has made strong protests against the system.]
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/DOM19280211.2.81
Bibliographic details
Ngā taipitopito pukapuka
Dominion, Volume 21, Issue 114, 11 February 1928, Page 10
Word count
Tapeke kupu
185RUBBER RESTRICTION SCHEME Dominion, Volume 21, Issue 114, 11 February 1928, Page 10
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Dominion. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in