Information Refused in~ Commons Published in Press London, June 7.
In the House of Commons to-day servative) regard to the replying to Sir Frank Nelson (Con-
scheme for the valorization of rubber submitted by a Dutch banker, Captain H, D. R. Margesson (Conservative), replying for the Seeretary of State for the Colonies, said that the scheme had been suf to the Rt. Hon, L, S. Amery with request that he treat it as strietly confidential. Consequently, was impossible to give any inform tion, 'According to the details of the! Dutch rubber valorization scheme published by the "Financial Times," an organization' would finance surplus rubber at a low price and dispose of it in some such way as to stimulate consumption, The main outlet in view is rubber-paving, which is deemed to have reached 'a practical stage.
It is proposed to establish a bank: on a ce-operative basis, with a capital of £1,260,000, of which amount three-quarters, would be ear-mirked for subscription by rubber producers and the balance would be raised by public subseription, This bank would take over surplus production when the price went below one-shilling per Ib., and would release the accumulated surplus when the market rises beyond two-shillings per Ib.
To enable the bank to regulate distribution, uniform legislation would be necessary in Great Britain and the Netherlands compelling rubber producers, both European and native, to deliver to the bank a percentage of their production. Producers, in exchange for deliver-fes, would receive bonds, not bearing interest, but entitling the holders to five per cent. on the bank's surplus profits, On the other hand, the bank undertakes to supply 75 per cent, of its rubber stock for the purpose of road-making and road-paving to the British and Netherlands Governments at a price of one-shilling per Ib, Preparing for November
Text read from the printed page and cleaned; old type leaves the occasional error.