INTERNATIONAL TIN POOL

Evening Star, Issue 20981, 21 December 1931, Page 9

INTERNATIONAL TIN POOL

CONTROLLING THE OUTPUT

Pres* Associ*iion —By Telegraph—Copyright,

LONDON, December 18. * The committee of control of the international tin pool met in Paris yesterday. A communique states that the pool now holds 19,000 tons of tin, the whole of this appearing in visible supplies. The signatory Governments to the international tin quota have now agreed to remain in the scheme for the control of tin for three years from August 12 last or until prior to liquidation of the pool. They approved of the revision of a sliding scale of prices.

The scale provides that the present minimum price of £l5O per ton shall be increased to £165, and this will now he the minimum price at which the initial amount of 5 per cent, of the pool’s holding may bo released for sale. If and when this shall have been the average price for spot tin on the London Metal Exchange during any completed calendar month _ the next successive price limit at which 10 per cent, may be released has been similarly increased to £176, and further release prices have been adjusted accox - dingly. The committee emphasises that tin held out of control of the pool participants can only be dealt with under conditions stipulated in the pool agreement.