PRICES OF TIN
BRITAIN ACCEPTS STABILISING PLAN / LONDON, June 1. The Colonial Office announces that Malaya voted in favour of the tin buffer stock proposed 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 Associated Press is informed that the pool will buy tin when it falls less than £2OO a ton and sell when it is more than £230. It will be started with contributions equivalent to 7J per cent of the standard tonnage. The operations will be secretly controlled from London.
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Wairarapa Times-Age, 2 June 1938, Page 7
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113PRICES OF TIN Wairarapa Times-Age, 2 June 1938, Page 7
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