THE RACE FOR RUBBER.
AMERICAN DEAL IN LIBERIA. NEW YORK, October 15. Mr. Harvey Firestone, head of the Firestone Tyre and Rubber Company, has signed an agreement with the Republic of Liberia to lease for 99 years 1,000,000 acres of land suitable for rubber-growing and a 2000-acre rubber plantation, matured and bearing.
The company proposes to spend £20,000,000 in developing the lease. The deal was completed with Air. Edwin Barclay (Secretary of State for Liberia).
Mr. Firestone said that the English and the Dutch controlled 97 per cent of the rubber output of the world, and he purposed making England realise that America was now in the rubber business in earnest. — (Reuter.)
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Auckland Star, Volume LVI, Issue 245, 16 October 1925, Page 7
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112THE RACE FOR RUBBER. Auckland Star, Volume LVI, Issue 245, 16 October 1925, Page 7
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