GO-SLOW.

Grey River Argus, 14 October 1922, Page 5

GO-SLOW.

ADVOCATED BY CHURCHILL. TO RAISE PRICE OF RUBBER. [A. and N.Z. Cable Association.] LONDON, October 12. The Colonial Office has been investigating the depression in the rubbergrowing industry, and has issue report which. Air Churchill has approved recommending a restricted output in Ceylon and Malay Straits k.-i--ilements, on a sliding scale, calcula ed on a three months’ period, until the price of rubber averages 15d pt ■ pound. The first stage will be the authorisation of export not exceeding 60 per cent, of the standard produc- | tion at the minimum export duty, and thereafter 5 per cent, quarterly in export production at the minimum duty. It is necessary for the proposals to be approved by the Colonies concerned. Several British estates in the Dutch East Indies have offered t" co-operate voluntarily with a restriction on output.