Restricted Output Essential London, June 2.
The report of the Committee under the presidency of Sir James Stevenson, which was appointed by the Secretary of State for the Colonics to investigate the condition of the rubber industry in the British colonies, states that the production of rubber in 1922 is estimated at 400,000 tons and the consumption at 300,000 tons, while the surplus stocks in January 1922 amounted to 110,000 tons.
The Committee is gravely alarmed for the position of the industry unless steps are taken to prevent excess of production over consumption. It recommends restriction of at least 7 per cent. The Committee is convinced that in order not to injure one producing country to the advantage of others, any policy of restriction must be applied to the chief producing countries, Malaya, the Netherlands East Indies and Ceylon, and recommends that schemes should be submitted from them to the proper authorities.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.