London, Dec. 30.
The price of rubber is now considerably below the level which the International Rubber—Regulation Committee considers desirable, stated M. Van Geldern, Head of the Netherlands delegation, in an interview with the correspondent of the Financial News in Amsterdam.
Less drastic restriction, he added, would have brought about a far heavier fall in the price.
More rigorous curtailment after the first quarter of 1938 will depend on the statistical position of the industry. If the market situation remains unchanged, M. Van Geldern considers it unlikely that the Committee would use their right to alter the allowed quotas.
In his opinion, consumption during 1938 will be less than in 1937, the rate depending almost entirely on developments in the American automobile industry.
The present price of rubber, he declared, would prevent any large scale production of synthetic rubber—
Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.