A survey of the trade in rubber manufactured goods

Bibliographic data

Monograph

Identifikator:: 1848834152

URN:: urn:nbn:de:zbw-retromon-240944

Document type:: Monograph

Title:: A survey of the trade in rubber manufactured goods

Place of publication:: London

Publisher:: His Majesty's Stationery Office

Year of publication:: 1930

Scope:: 119 Seiten

Digitisation:: 2022

Collection:: Economics Books

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19 : } 5 3 0 5 — i i» J —- Q NN joy, NY KR m i > oh N oO triction, 7 1921, stocks of raw rubber were heavy and relief seemed remote. United Kingdom Government had during 1920 been asked to regulate ments of rubber from Malaya and from Ceylon. State action was |. rst refused. But, in 1921, affairs in the Malay States were approaching feral crisis. Rubber was selling below. the cost .of production and the “market was depressed. Government revenues were dwindling; large 1 ‘ons of the native population were faced with unemployment and ruin; tes were reaching the end of their financial resources. An American lcial combine, with a capital of £50,000,000, had been formed to buy tes at knock-out prices as opportunity offered. These dangers were ted by the introduction of the Stevenson Scheme. TeE STEVENSON SoHEME.* goal 00 - eH 51 wh i It —= oO = 0 oO Co) OQ N) =] — 0 J JD ~~ > ~ 0 0 + om 0 e scheme established a minimum rate of export duty, and at the time provided that a duty rising to prohibitive rates should be sed on total exports if they exceeded the amount fixed in accordance the scheme. ' The scheme pivoted on a London price of 1s. 8d. a Ib. ‘aw rubber, which permitted estates to be maintained in good order a moderate profit to the plantation owner. The Dutch refused to into the scheme, but the British estates in the Dutch East Indies— senting 25 to 30 per cent. of the output of the Dutch East Indies— iarily agreed to regulate their exports according to the scheme, if tre compulsorily applied in Malaya and Ceylon. Growers in Sarawak, bo and Southern India also agreed to a scheme of voluntary restriction. br the Stevenson scheme the productive capacity of each estate was ted by Committees in the East. This assessment, known as ‘ standard hetion,” gave originally a fair idea of the productive capacity of Istate on a moderately liberal system of tapping, and the assessments annually revised, The percentage of the ‘standard production each estate coyld export on payment of the minimum rate of export during any quarter was to be regulated by the average price of ndard quality, smoked sheet,”” in the London market during the ous quarter. The initial percentage was fixed at 60, that is, for the quarter in which the scheme was in operation, each estate was allowed port, at the minimum rate of duty, 60 per cent. of its * standard jogton, It was laid down in the scheme that if the average price bber were 1s. 3d, a lb. or over during any quarter, the percentage +; ‘could be exported at the minimum rate in the following quarter be increased by 5, If the price were 1s. 6d. or over, the percentage t be increased by 10. If the percentage was over 65 and the price «f ander 1s. 3d. but over 1s. the percentage in the following quarter | drop by 5 until it got down to 60 per cent., but the percentage > not fall below 60 unless the price fell to less than 1s. a lb. But 1. price fell below 1s., no matter what the percentage for that quarter ’ ie bercentage for the following quarter dropped to 55. This particular 0 never came into force, The percentage rose to 65 during the | quarter of the operation of the scheme, and then again fell to 60 [ereained at that figure for a year. In the May-July quarter, 1924, er, the price was below 1s., the percentage was reduced to 55, hereafter under the scheme it could fall by 5 each quarter until the got over ls. 34d. © Report of a Committee appoj i i i : © Repo ppointed fo investigate the Rubber Situation in x i ones and Protectorates—Cmd. 1678, and Supplementary Report— > 0 Q © Joy ry

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