RUBBER RESTRICTION
INQUIRY INTO OPERATIONS SLUMP ON LONDON MARKET (British Official News.) Press Association—By Wireless— Copyright. LONDON, February 9. Tiie announcement that the Prime Minister has formed a committee of civil research to inquire 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 33d, but recovered later to Is 4Jd. Rubber shares declined in sympathy. The slump was the subject of a question in the House of Commons, the Prime Minister being asked whether lie 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 the 1 report. Subject to that no time would be lost.
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Evening Star, Issue 19787, 10 February 1928, Page 6
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144RUBBER RESTRICTION Evening Star, Issue 19787, 10 February 1928, Page 6
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