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Wednesday, February 13, 1974
SOME TO ALLOCATE PLASTIC RAW MATERIALS
The Commerce and Industry Department is to provide administrativo
support for a schone which will allocate two essential raw materials to
local plastics firus.
Proposals for the scheme were originally made by the three main
plastics arnufacturers' associations to the Commerce and Industry Department.
These proposals have been discussed a number of times between importers,
manufacturers and DC & I officials.
At a comprehensive discussion today between representatives of the
associations, major importers of plastic raw materials and officials of
the Commerce and Industry Department, it was agreed that the associations,
in conjunction with the importers, would jointly operate a quota allocation
scheme and that DC & I would provide administrative support.
A small committee has been set up to agree the details of the
scheme. The intention is to help smaller manufacturing concerns which are
facing difficulties in obtaining sufficient supplies of polystyrene and
polyethylene, the two materials involved in the scheme.
It is hoped that at least five million pounds of these materials
will be made available by importers and the larger manufacturing concerns
for distribution to the smaller factories.
/Mr. Jimmy.*****
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