TIN MARKET
o REGULATION SCHEME'S ADVANTAGES SPECULATION DIMINISHED (BEITISB OFFICIAL WIRELESS-! (Received February 20, 5.5 p.m.) RUGBY, February 19. Sir Philip Cunliffe-Lister, Secretary of State for the Colonies, answering a question in the House of Commons regarding the developments in the tin market, said that the Government did not consider there was any call for action on their part. He said that one of tha advantages of a complete and elastic scheme such as the tin regulation scheme was that it would largely eliminate the opportunity for any risk of speculation, first by providing means of adjusting supply and demand, then by securing the fullest information regarding stocks and supplies. In fact, he added, the price of tin had remained remarkably stable for many months, with the result, he understood, that speculation had greatly diminished. In addition there was a buffer pool, under control of the participating 1 ' governments, which could be used as an additional safeguard against serious fluctuations in prices. Sir Philip recalled that the World Economic Conference reviewed the operation of the tin schemes and expressed full approval of this scheme.
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Bibliographic details
Press, Volume LXXI, Issue 21404, 21 February 1935, Page 13
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184TIN MARKET Press, Volume LXXI, Issue 21404, 21 February 1935, Page 13
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