PRICE CONTROL OF RUBBER.

Auckland Star, Volume LX, Issue 275, 21 November 1929, Page 22

PRICE CONTROL OF RUBBER.

DUTCH GROWERS' PLAN

Co-operation between the Dutch rubber growers has been reached and collaboration with the British and French producers has been almost attained in an endeavour to counteract American pressure on prices, says a special message from The Hague in the "New York Times" of October 8.

Growers are convinced that the market situation justifies a higher price. In order to get it they are founding a co-operative sales organisation, after the example of the sugar growers in the Dutch East Indies.

. A main, difficulty has been financial. The central sales institute must be able, if necessary, to lay up stocks and therefore the present moment has been chosen to set up the new institute. The stocks accumulated by the British producers during and after the restriction period have been sold, and in 1930 consumption and production will be almost equal.

A minimum selling price for the central institute is to be fixed for some months. Consumers buying in the open market will find only limited stocks available, and so prices are expected to go up. The association is more or less an experiment, but Dutch growers are firm in the belief that the association will become permanent.