The Archive · 1934

New Rubber Scheme May Operate in April

The Hague, Jan. 27.

the strictest secrecy is being maintained by the parties concerned regarding the—international "negotiations for rubber restriction, but well informed quarters' believe than an agreement hag been reached an the basis of quotas, and April 1 is suggested as the date for the operation of the new scheme. 'There is a general impyexsion that the main obstacles to an international restriction agreement have been removed, but the committee working' out details is now face technical difficulties in solving the problem of native production in the Dutch East PORRET eh coe Reconstruction Finance Corporation, which granted the credit to China.

Mr, Jones called attention to the fact lat the terms of the credit 000,000 for financing cotton purchases and $10,000,000 pesanlt Chinese wheat-buying: in the mited States To date, China has used only $7, 000,000 of the credit provided for cotton purchases, Mr. Jones said, Who added that there was every in: ication that the total of Chinese cotton purchases by the time the scalt expires on Jaly 1 would be "substantially below" the $40,000, 000 provided for in the agreement Mr. Jones said, however, that he believed most of the wheat credit of $10,000,000 would be used, inasmuch as the Chinese Government has been much' more successful ly. disposing of wheat purchased in this count than it has been in its efforts to sell American cotton to Chinese textile mil The extent of the curtailment under consideration was not dis closed by the R. F.C. ehairman—United

Text read from the printed page and cleaned; old type leaves the occasional error.

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