London, Jane 20.
The international tin committee, representing the producers of 96 pet cent, of the world's tin, meets Frere to-day to. consider the advisability of further restricting tin output.
Tin output has been restricted since' March 1, 1081, the original nota fixed on that date having al Ready. been towered three times, The United States canning and automobile industries consume ost of the tin. prod Since demands are continually fall-duced to 116,000 tons, compared Jwith an original quota' of 136,000 tons, had Siam been in the scheme from the beginning. "At the beginning of this year this quota was farther reduced to 101,000 tons, and on June 1 to 81,096 tons. In'each Jease Siam retained her 10,000 ton annual quota, Beginning June 1 the respective ish Malaya, 30,402; Dutch East Indi ing of the tin committee further reduction of the output of Malaya, Bolivia, Nigeria and the Dutch East Indies to 64,056 tons, plus 10,000 tons for Siam, although it is hoped that Siamese producers Jmay agree to some reduction of their quota voluntarily, In addition proposed that producing count cease exports for two months, practically agreed tthe last meeting at The Hague month ago. while the scheme, known as Byrn scheme, has been under cor the respective pai The whole restriction scheme is Jdue to end on March 1, 1934, or 085 3705—20 1.80 2,520,000 3045 37100—85 1:30 "660,000 38.50 +40 1.30 2,805,000 3803 "20 1.80 1/008,000, $0.45 +15 1.65°2,670,000, 39.00 Ero i885 988,000 earlier if the tin pool has managed before that date to dispose of its stock, But, the pool iv obligated not to dispose of its stocks until the price of tin has improved to. such Jan extent that large scale output could be resumed on an econodute. basis—United Press, Tae offices of the Red Cross Society of China have been moved from Kiukiang Road, where they
the Continental Bank Building atthe have been for many ponrs past, corner of Nanking, Shantung and kang Roads (Kiukiang "Road Wuuse the anti-Japanese movement has officially been banned by the local Chinese' authorities, it is still being conducted in Kashing, on the Shanghai-Hangchow-Ningpo Railway. According to a message from the Chekiang city, a hawker found in. possession of 'a quantity, of Japanese goods was arrested by members of the AnitJapanese Association of that city on Thursday and paraded through the streets. The unfortunate man was later expelled from the district by, the Association, Sir John Campbell, financial and Jeconomic adviser to the British Colonia! Officce, is chairman of the committee. He is also. chairman fof the tin pool, an Anglo-Dutch feombine which now owns or cont¥ol approximately 21,000 tons of tin which has been held off the market in. order to. prevent a disastrous price fall. The tin pool held a meeting to-day.
The tin pool is pledged not to sell any of its tin holdings until the price of tin reaches £165 per ton, Jcompared with a present price of about £25, Even at a price of 2165 the pool is not to sell more than 5 per cent. of its holdings. At £175 the pool may sella further share.
Producers of British Malaya, Bolivia, Nigeria and the Dutch East Indies originated the tin restriction scheme in 1931, restricting themselves to a total annual output of 126,000 tons, compared with their production of 161,846 tong in 1929. Siam, the only other important ged [producer which did not "join the
3nd duced about 10,000 tons in 1929, Scheme. in the beginning, had pro: Jother scattered producers only about 15,000 tons.
Siam joined the scheme on September 1, 1991, being allotted an annual quota of 10,000 tons, on con-Jdition that that quota should not be reduced during the life of the [scheme, irrespective of whether the other four big. producing countries further reduced their quotas.
At the same time the total quota for the five big producers was re-
Text read from the printed page and cleaned; old type leaves the occasional error.