New York, Mar, 17.
The National Bank of Commerce -announees that w credit has been arranged for the National Crude Rub-dor Reserve, commonly known as the American Rubber Pool, for $30,000,- 000 with another $30,000,000 avaiiable if required.—Reuter, 1 Statement Before Easter London, Mar. 19, Replying to Sir Frank Nelson' (Conservative) in the House of 'Commons to-day, the Home Secret ary, Sir William Joynson-Hicks nid that the Premier, Mr, Stanley' Baldwin, hoped to be in a position to make a statement on ruber before the Easter recess,—Reuter, Activity in New York New York, Mar, 19, 'A very brisk buying movement and a rapid advance in rubber prices tonday followed the announcement. that a credit of $60,000,000 had been arranged forthe American rubber reserve pool, over 2,000 lot changing hands in' the first thre hours after the opening of the Rubber Exchange, July contracts opened at 268 cents per Ib, or near. ly one cent, por th, above Saturday's losing quotation. Prices moved up. to 28.8, but fell back to 27.8 on profit-taking, There were similar advances in' contracts for other active months, The bullish sentiment was also reflected in rubber shares, United States Rubber, Goodyear ' Rubber and Goodrich shares advancing four: to six points—Reuter, Association:—"This meeting is of London, Bar. 20
The House of Commons to-day passed the Air Estimates after Fejesting by 217 voles to 90 a motion by "Commander Kenworthy (Labour) to reduce the vote for men by 100 men.
The Secretary of State for Ait, Sir Samuel Hoare, replying to the debate, claimed that from the point of view of reliability, economy and administration Britain was definite ahead in civil aviation to any-Where else in the world and was making better progress than other countries in making civil aviation self-supporting.
The reliability of the British air service, he said, was now 96 per cent, as compared with 75 per cent. four years ago.
As far as Singapore was concern-Sir Samuel added, the "accommodation there was part of the general Singapore scheme and, assuming that Singapore was to be a big naval base, obviously there must be accommodation for an sic force operating on land and ce-operating with the Fleet—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.