Rubber Regulation in Peace and War Early Difflculties, 1934−35

THE first meeting of the I.R.R.G. was held within a week of the signing of the international agreement and rates of release were fixed for June-December 1934. These were 100 per cent, for June-July, 90 per cent, for August-September, 80 per cent, for October-November, and 70 per cent, for December. There was no obligation to keep exports within these rates during each month or quarter and the decision was in fact for an https://www.w3.org/1998/Math/MathML" display="inline"> 87 1 7 per cent, release for 1934. The comparatively generous rates of release were intended to ease the task of the local administrations by introducing restriction gradually. Following this decision the London price declined somewhat, from over 7 d . to around https://www.w3.org/1998/Math/MathML" display="inline"> 6 1 2 d . For the rest of the year it fluctuated between 6d. and https://www.w3.org/1998/Math/MathML" display="inline"> 7 1 2 d .