The refusal of the People's Couneit agree for an export duty on native rubber has somewhat accentuated the weakness of rubber, although the market is convinced of the willingness and ability of the Netherlands Government to carry out the restriction scheme.
It was pointed out that the Gov-Jernor of the Netherlands East Indies has the power to over-ride decisions Jof the People's Council though the latter's resolution may cause a slight alteration in the methods, 'The recent increase in production, which is expected to continue until the restriction scheme Is ut into operation, is causing much apprehension and' has resulted rumours, which are ridiculed in well-informed quarters, that the commit tee may revise the quotas, 'The principal weakness underlying the weakness of rubber and other commodities is the stagnation in Wall Street, which London circles are in-lined' to interpret as a deliberate protest against administrative inter~ ference culminating with the Stock Exchange Control Bill 'This attitude is not meeting with the approval of London dealers, especially as, according to a leading broker, President Roosevelt is "onl luming Wall Street from' a gambling casino into an orderly business Reuter.
N.EL. {o Override Vote London, May 28, The Financial Times" learns. today" from Amsterdam that practically certain that the Nether= (as East Indies government will ride the vote of the People's Council and introduce export duty, on native rubber and set a quota for estate and native rubber On a $8 {0 42 basis, as from June 1. "Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.