Saturday, March 2, 1974
ISSUE OF QUOTA ALLOCATIONS FOR PLASTIC SHARE-OUT
The Commerce and Industry Department will begin issuing quota
allocations on Monday, March 4, to plastice firms which have qualified
to receive supplies of two essential raw materials under a share-out schene.
Allocations will be issued initially for two types of polystyrene
high impact and general purpose.
About 500 firms have qualified to receive allocations of this
material. The quotas amount to 95 per cent of the March supply requirements
submitted by each fire.
It was estimated originally that the quotas would amount to 80 per
cent but this figure has been raised in the light of revised calculations
based on the amount of polystyrene available for allocation.
Firms qualifying for the share-out will receive authorisations to
present to a specified supplier within 14 days of receipt.
Arrangements are also being made for a share-out of polyethylene .
and quota allocations will be issued shortly.
Over five million pounds of polystyrene and polyethylene have been
made available for allocation by importers and the larger mamufacturing firms.
The aim of the scheme is to help smaller plastics firms facing
difficulties in obtaining sufficient-supplies. About 1,100 firms will benefit
from the share-out, which is being made on a "once and for all" basig...
The distribution of materials has been worked out by a committee
comprising representatives of trade and industrial associations, the major
importers of raw materials and the Commerce and Industry Department.
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