RUBBER AND TIN

Waikato Times, Volume 127, Issue 21155, 3 July 1940, Page 9

RUBBER AND TIN

PURCHASES BY AMERICA TERMS OF AGREEMENTS (Omclal Wireless) RUGBY, July 1 As a result of negotiations between representatives of the United States Government and representatives appointed for the purpose by the International Rubber Regulations Committee and the International Tin Committee agreements have been reached for the purchase by United States Government organisations, through normal trade channels, of reserve stocks of rubber and tin as follows: Rubber.—A company formed for the purpose will purchase the reserve stock, with a minimum of 100,000 tons and a maximum of 150,000 tons for shipment prior to December 31. During the period of the purchase and accumulation of this stock rubber will be purchased at not less than .18 American dollars nor more than .20 American dollars per pound c.i.f. New York standard smoked sheet, packed in cases or bales, at sellers’ option, with the usual differentials for quality, deliveries, etc. Tin.—A company formed for the purpose will purchase all tin available as rapidly as it is available for purchase at a price of .50 American dollars per pound c.i.f., United States ports, including war risks, with the usual differentials for quality, deliveries, etc. Meetings of the International Rubber Regulation Committee and the International Tin Committee will be held at very early dates to take any necessary measures in connection with these agreements.