PRODUCTION OF TIN

Evening Star, Issue 21960, 21 February 1935, Page 9

PRODUCTION OF TIN

SCHEME FOR REGULATION ELIMINATING SPECULATION RISK (British Official Wireless.) Press Association—By Telegraph—Copyright RUGBY, February 19. Sir Philip Cunliffe-Lister (Secretary for the Colonies), answering a question in the House of Commons with regard to developments in the tin market, said the Government did not consider that any action on its part was called for. He said one of the advantages of a complete 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, and then by securing the fullest information with regard to stocks and supplies. In fact, 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 the buffer pool under the control of participating Governments, which could be used as an additional safeguard against serious fluctuations in prices. He recalled that the World Economic Conference had reviewed the operation of tin schemes and expressed full approval of tins scheme.