TIN STOCKS
MALAYA ACCEPTS BUFFER SCHEME (By Telegraph—Press Assn.—Copyright.) LONDON, June 1. The Colonial Office announces that Malaya has voted in favour of the tin buffer stock proposal by a two-to-one majority. As it is understood that the Dutch East Indies, Bolivia, and Nigeria also favour the scheme, the Government has decided to accept it in principle, subject to the satisfactory negotiation of a detailed scheme. The Australian Associated Press is informed that the pool will buy tin when "it falls less than £200 a ton and sell when it is more than £230. It will be started with contributions equivalent to 7J per cent, of the standard I tonnage. The operations will be secretly controlled from London.'
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Bibliographic details
Evening Post, Volume CXXV, Issue 128, 2 June 1938, Page 12
Word Count
118TIN STOCKS Evening Post, Volume CXXV, Issue 128, 2 June 1938, Page 12
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