Fearing Malaya may be bl in the event that war spreads to the Pacific, tin producers, smelter officials and dealers daily are holding con. ferences to solve the problem of financing delayed exports, it was Fevealed here yesterday, "The present system is for the smelter to pay the producer almost the entire value' of the tin on the ate when the ore is purchased. The dealer pays the smelter as soon az the former receives notification that the tin is ready for shipment, which generally one month to six weeks after purchase. Then banks finance the dealer as soon as the latter presents.a bill of lading.
But the banks are reluctant to carry the entire load in the event shipments are delayed, while. the dealers themselves profeis to be even Jess able to finance accumulating stocks. No local solution has been reached yet and some observers be-Veve the solution must come from overseas in the form of assistance from the ultimate consumer—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.