XN000022-1974-02-13 — Page 22

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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Proposals for the scheme were originally made by the three main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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