CO129-486 - Public Offices - 1924 — Page 220

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217

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check this traffic are soldon very offective, for, though.

the manufacturers are as a rule bona fide, second and third

hand dealers are frequently in a position to earn large profits in illicit trade, either through total lack

of or inadequate national supervision, or because, in practice, this supervision is difficult to carry through.

In respect of the intended restriction of the

exported raw material, one should not stert from a definite quantity to supply the world's requiremonts, which eamot bo calculated with sufficient approximation.

One should start from the accomplished fact that there is an excess of world production in view of the legitimate

consumption. Even in the event of a fair estimate

of the world's requirements being obtained, which seems to be impossible, this estimate could never be taken as

a starting point. Foor crops, wors, epidemics, etc.,

would have an influence which would be incalculable

beforehand. It is impossible to adopt a fixed percentage

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of the normal needs to meet the abnormal requirements

and the only way to supply the latter requirements

is an availability of a surplus world stock. The extent of this surplus cannot be expressed in figuros and even a number of years' practice cannot prove more than its adequacy or inadequacy.