An Expert's View To the Editor of the "Norm-Cunea Day News"
Sa—With reference to the Editorial avlicle under the above heading. in todays paper. the following com ments may or may not be of interest your readers tar as the quota is concerned, 25 ver cent. must be considered fcmromise, and not ox 8 ealsiactory figure agreeable 0 all producing While there is very reason to believe that the NI Government: are ble to effect the meseary control, the position for the authorities ts uns oubledly a very aiticut one. "One their contentions, which has Been Soleed very frequently, is thet a high rice for the article aggravates the iticuties of control, and R has tways been their slogan that 16% INI cents per 1b. (4. Gold) Lo. Java, salistactney level and should nek foe exceeded. The NI" Government. hecefore cleome. a lower level of Drices and. encouragement has been given to this propaganda.
Stock in consuming centres have ncreosed "rather" than decrease Goring the first restricUon period, amd generally expected that, these ott continue to tneresse up to the Jond. of the yea As far os the Singapore market is concerned any material fil in prices ikely toring. out speculative folders, who may: have to liquidate fen their clearance house margins tae become Yeo large, and a further Incentive to selling is provided by aports thal up-country" socks are ery heavy.
There is, however, no partieulat reason to Took vpon_the future of the article with pessimism, but 1 scene thely" that tows, who are Scrly roe. in prices, are probably snbling on & hear view, and
going to be very alsappotnted. shanghai Nov.
Text read from the printed page and cleaned; old type leaves the occasional error.