The Cabinet were told that a still further cut in exports was necessary to arrive at a new pivotal price even if Malaya accepted the cat, but he was not sure that Ceylon would agree.
The speaker was aware of the advantages of some form of protection which would give the producer a fair show against the consumer: consequently he had given prior consideration to the producer's case, Mr, Ormsby-Gore that unless" the main producing interests outside Malaya were prepared to come in, and unless Ceylon and Malaya were prepared to work together, the Government would not take any further interest in the matter, but would leave the industry to fight its own battles. Some of the weaker concerns would go under, but Malaya had the advantage of contented labour, skilled management, good traditions and good goverament, and it would be in a position to fight the world as a producer, He was convinced that low prices would bring new uses for rubber. He expected that conditions would be unsettled for the matter of a year, after which prices would tend Yo become stabiifzed, Growers would be ill-advised to discharge their labour, or get depressed and throw up the sponge—Reuter, Rubber Down on London Market London, Apr. 11.
Spot rubber at London market fell another one eighth of a penny to-day, making it 8.3/4d.—British, Wireless Through Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.