CO-ORDINATION

Evening Post, Volume CXV, Issue 148, 26 June 1933, Page 9

CO-ORDINATION

PRODUCTION, AND MARKET >

PRINCIPLES, SET OUT

(British. Official Wireless.) (Received June; 2ff, 11 a.m.)

EL'GBY, June- 24. Tho Sub-Commission of tho Worldi Conference which is considering th'a question, of co-ordination of production and marketing, will have before its meeting on Monday a report of its drafting, committee, in which tha broad principles to which any sucn. agreements should conform are set^ out. These arc as follows: —

The commodity must be one of world importance in which there is such excess pf production or stocks n* to call for special concerted action. Any agreement should bp comprehensive as regards tho commodi-

ties to be regulated.

It should be

comprehensive as reg.ivd* the producers themselves. Where necessary or desirablo for the success of thi> plan, it should provide for tha co-operation of non-exportingl countries whose production, is considerable. It should be fair to both producers and consumers, designed to secure and maintain a fair and'remunerative price level, without discriminating against &'particular country and worked with the -willing cooperation of consuming interests in importing countries, .who are equally concerned with the producers in maintenance of regular supplies and

fair-and stablir prices. It should ba

administratively: practicable. It Jshould.-bo of- adequate duration. Dua regjird: should' be had; to the desirability of-encouraging-efficient ptoduo" tionl in each: country.' -.!