Colonial Secretary's Proposals' for the New Scale: Reports Discounted Colombo, Oct. 10.
A representative meeting here today of rubber interests approved a despatch from the Secretary of State for the Colonies (Mr. Amery) containing important proposals, of which the main are that the exportable maximum for the November/January quarter shall be increased by 20 per cent. of the standard production instead of by 10 per cent. and that the restrictions shall be held in abeyance after February 1.
Tt is understood that it is proposed, when the price of rubber in London falls below 1/3 per Ib. for '8 quarter, that restrictive measures shall apply to the extent of five or 10 per cent. of the standard pro-
continue restriction shall be a duct Any decision to disnounced simultaneously in London, Malaya and Ceylon.
Details of Mr. Amery's Despatch Oct, 13.
According to further information regarding Mr. Amery's despatch to Ceylon, the Government proposes a scale of releases of the exportable maximum of the standard production of rubber by which when the average price in London falls below 1/3 per Ib. in any quarter the exportable maximum—percentage doring the ensuing quarter. the price of rubber falls "below. 1/2 the exportable maximum percentage shall decreased by 10 per cent, When the price in London falls below 1/1 dhe taaximam percentage shall be decreased by 15 per cent, and when the price in London "falls below 1/= the maximum percentage shall be decreased by 20. per cent.
When the average price in London is not below 1/8 per Ib. the export able maximum percentage shall be increased by 5 per cent. during the ensuing quarter and if the price in London does not go. below
centage shall be increased by 10 116 the maxima exportable per per cent. If the price in London does not fall below. 1/9 the maximum percentage shall be in creased by 15 per cent. and if the price in London does not decline to below 2/~ the maximum percentage' shall be increased by'20 per cent.
Ceylon rubber interests, in gen: eral, have approved. the proposals and have recommended. that they' should be enforced from February The proposals provide that when 100 per cent. release is reach-restriction shall be automatically suspended until the price again falls below 1/3 in any quarter, after which a new scale shall operate.
If the Ceylon recommendations should be adopted the exportable maximum percentage would be 85 per cent. in the November/January quarter and 105 per cent. in the February/April quarter Mr. Amery's decision is expected shortiy.—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.