The 40 per cent. quota in force since April 1 resulted in a heavy reduction of 2,631 tons in the visible supply during May and is expected to cause a further big decline this month, thus reducing free suppliés—ie, those not held by the Buffer Pool—to small proportions. l' As an increase in the quota to 45 per cent. would probably still keep production below the level of consumption, it is considered possible that such an increase could still be associated with fairly rapid liquida-ton of Buffer tin—provided, of course, that there were no serious deter ior: these lutter scores, it is recognized that the Committee may prefer to keep the existing quota in force during July-September in order to ensure placing the Buffer Pool in a stronger position,
Text read from the printed page and cleaned; old type leaves the occasional error.