CONTROL OF TIN.

Manawatu Standard, Volume LIII, Issue 285, 30 October 1933, Page 7

CONTROL OF TIN.

AGREEMENT SIGNED. a gooiTeffect. Received October 30, 8.30 a.m. LONDON, Oct. 29. The Tin Committee announces that Bolivia, the Malay States, the Netherlands, the East Indies, Nigeria and Siam have signed agreements for tho continuance of the control of production and export for three years from January 1, 1934, to January 1, 1937. The scheme does not differ in its essentials from the existing scheme. The new agreement is expected to have a good effect on the prices of metal and tin shares. The Financial Times points out that at tho recent prices most of the low cost tin producers have been able to make profits, even although working only at onethird of their capacity and some have actually been able to re-enter the dividend paying list. These fortunate companies will derive the greatest benefit from the permission to increase their outputs. By December 7, when tho International Tin Committee holds its next meeting, the American outlook should be clearer. Indeed, the tin plan may remain in operation indefinitely and prove a model for the advantageous regulation of many another primary industry. The agreement increases export quotas from 33 1-3 per cent, to 40 per cent, plus a special 4 per cent, quota in 1934.