1921-01-05 — Page 2

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Ji, Tokyot

THE RUBBER SLUMP.

PRESENT POSITION AND FUTURE PROSPECTS,

NOTES AND SUGGESTIONS BY ẨN EXPERT

WEDNESDAY, JANUARY,

5TB,

1921.

Of these ways, combination is to my FIGHTING DISEASE IN INDIA JAPAN-AMERICAN INCIDEOS

mind far the beat, but on Rocount of the

diversity, of controlling interests, wach lack. of organisation, such a cures is almost impracticable, an

NEW DEPARTMENT. ?

It is understood that the Secretary of

"There is no doubt of the soundness" of ¦ State's sanction hai besir received to the combination, and it must come if the proposals of the Government of India industry is to wxist and thrive, free from for the creation of an imperial board of The Straits Timea has been favoured shocks and panic. T with the following notes by one of the

Competition would remedy the position, health to be known as the Central Health I in time, and I should not like to argue that most widely recognised authorities in de would not be best for the industry in the Board for strengthening the central or the Rubber Industry. They cover the long run, but it would spell ruination to ganisation for combating epidemio dis whole situation and are the most saney would involve Government in tem porary financial loss directly and indirectly, and temperate statement we have seen and would lead to chaotic conditions

There is not a word that one feels in the least disposed to criticise.

As we said in an article the other day, says the Straits Tinies, khere, is a great deal of utterly wild - and futile talk about remedies for the present grave position, and it is within our know-

attempt to help it will lead to endless wrangking

generally!

Compulsion is, to my mind, the least desirable of the possible remedies. It is unsound because the need for enforcing it implies a pitiable, lack of unity, organisa plan and copędination which should exist.

eases in India. It may be remembered. that in 1919, the Government of India granted five lakhs of rupees to form the nucleus of a public health fund for the purpose of creating an organisation to investigate into and control opidemis

he is to be deprecated because I carries diseases. The principal recommendations with it the moral obligation on Govern of a conference were (1) Creation of a ments who enforce it of rendering financial

AT TIENTSIN:

EXCHANGE OF NOTES.

JAPAN CLIMBS DOWN,

We have to thank the American Loga tion, says the Piking Daily Ves, For the following text of notes exchanged between the American Department of State and the Japanese Embassy in Washington concerning the trouble be tween American soldiers, and Japanese civilians. ja Tientsin March, 1919.

„JAPAN'S *** BINCERE-REJRETĄ.

Japanese Embassy to Department of States:-

Washington, December 7th, 1920.

an unfortunate melee took place between.

ledge that these are most seriously delay nasistance to those who are bot financially / Central Health Board; (9) Creation of 4 has been brought to my attention: ing the application dE practical meseort able to see a crisis through, Compulsion the post of Director of Medical Research that on the night of March, 19th, 1618; and producing & conviction that the is, in faes the bolstering up of lame ducks (3) Creation of a post of Epidemiological

on sound lines. industry has no policy, and that any who have failed to run their hasinesses Statistician; and (4) formation of a body | certain American soldiers and Japanese- All that, notwithstanding, I feel that, in of epidemiologists. This scheme, when civilians. On the Japanese side three. In conditions such as these there in the present condition of affairs, restriction put into operation, will give considerable were badly wounded in the Japanese con but one, anne thing to do-pick out half of output by compulsion is the only remedy impetas to medical research in India cession and seven others in the adjoining s dozen of the best men in the business unsound, though it may be which which is subject of great All Indis French concession Amid the disturb and empower them to set. Trust them, ikely to be effective, There are scores of estates, and what Should restriction be resorted to in this importanes. The Director of Research ances one American soldier was arrested is best for one may be only second best country, it is of the greatest importance will to some extent, relieve the over in the French concession by the Japanese burdened shoulders of the Director military and police authorities while an for another but second best is better almost essential to success, that other, rub-Ceneral of the Indian Medical Service, other was seriously injured. By the di than ruin. It is impossible to legislate bes growing countries take similar. Or whose activities have enormously increas-orderly crowd and was also taken from for individual cases. The broad general ally, drastic action. interests of the world inchistry are what of the world rubber, and, although, as Statistican will have a bureau of his own station.

Malays today produces roughly and half ed in recent years. The Epidemiological that concession to the Japanese police "Shortly thereafter the American must be considered, and the business has been stated, Malaya is in a position which will analyse and interpret such of the half dozen would be to act for to greatly influence the world's market statistics as will be presented to it and Consul General visited the Japanese them. We have printed some contribs by individual action the present position the Statistician will always maintain a police station and in answer to the tions almost reluctantly and we have sant would be more quickly righted by universal uniform standard for the collection of question which he had put to the chief others back, simply because they were effort,

vital statistics throughout the country. of police he was given to understand more likely to bé harmful than helpful,

The function of the Central Board will that no American soldier was being de be principally to advise the Government tained at the station. The reply of the of India and the Local Government Chief of Police was admittedly inexact on technical matters and questions of and misleading since the American sold- public policy referred to them by the iers were actually there under detention. Director of Research. The institute will On the following day, March 13th, co-ordinate and direct medical research, four American soldiers entered the pro and will be connecting link between mises of the Japanese Consulate-General the researches carried on by the Beat Tientsin and painfully assaulted with search. Find Association, and researches out provocation an official of the South undertaken by the Government of India. Manchuris Hailway Company who hap The personnel of the Board has not yet pened to be standing at the entrance to

the house, ARKADA been finally settled,

COMPULSION.

If everybody who owns & per sad sXTENT AND METHODS OF RESTRICTION BY few sheets of paper is determined to darken counsel by circulating-fantastic It is apparent that the position calls for ideas, the fate of the rubber industry is drastic manures, and I think the measure sealed. But a committee of cool-headed, of restriction should be 50 per cent. of far-sighted men with the help of 1920 outputs. The Rubber Commission of sympathetia Government, can tide over 1918 recommended restriction then to the crisis and surely it is every planter's flat rate of 50 lbs per sere per quarter. interest to see this done. We give the notes below:-

CAUSES OF SLIMF.

These are so complicated that it does not seeux désirable to waste time in trying to elucidate them.

That the stump came so suddenly, and, apparently unexpectedly, is, to my mind, indication that no effective organisation exiata for the control of the industry That is a matter which demands the im- mediate attention of those bodies who pretend to exercise control. THE PRESENT. POSITION.

fat rate is not, to my mind, so equit able as a percentage of setual output for #givon period, and the axercise of control. is as simple in the one case as the other. for that reason, Ivocate a reduction of outpus to 50 per cent of 1990 actual

traps...

DURATION OF RESTRICTION/

-I suggest, in the first instanco 6 months January-June, 1971. The time could be extended and the percentage altered, if necessary

EXEMPTION,

It would not be necessary to describe further particulars of the incident. The whole controversy is regrettable and ins THE PANAMA CANAL. the behef of the Japanese Government:

it should be speedily brought to a BEST FINANCIAL YEAR.

friendly settlement, each government The Panama Carel has closed the best Accordingly under authorisation of

being ready to do justice to the other.

year inancially in dis six years of opers-- my Government I have the honour to tion, with an excess of $9,387 599 in revenue tender to the Government of the United over the expense of operation and main States an expression of sincere regret for-

the illegal arrest of American soldiers by Brigadier Ciceral Chester Harding, the Japanese authorities at Tientsin and Governor of the Canal Zone, predicts in far, the untrue statement of the Chief of his annual report that within a reasonable the Japanese, Police, at Tientsin in reply period of normel world conditions the to the American Consul-General as to the Caast will earn an actual proât on its

I would exempt from the operation ot any lawraho owners or holders of all areni | tenance, a The facts of the present position are of 25. seres or under Buch owners are that the price of plantation rubber is mostly literate, and their inclusion would about 40 per cent. less than the average (avolve a large amount of labunt while cost of producing it (way 30 cents); that their exclusion would have no appreciable world's stocks are too high, and are in- | detrimental effect on the situation. creasing daily.

STOCKS.

Stocks in London Stocks in Singapore Stocks in transit

Tons. .40,000 #25,000

METHOD OF CONTRUL D

poldiers, resulting in injuries to individuala.

cost, which has been $360,850,000, exclusive presence of soldiers detained, in the of expenditures for its military and naval Japanese police station on the night of All catates of over 25 sores would be defence, In the meantime, be adds, the March 12th, 1919." There is undoubtedly a lack of reliable asked to submit return of actual crops for Canal is performing an important commmer AMERICA'S HYPOTERTICAL REGRETS." statistics relating to world's stocks, and sach of the 5 months of January, to June cial service by stimulating American trade | Department of State to Japanese the following figures compiled in Singa nite to export 30 per cent, of these quan. the Orient, Morn than twenty-five per Washington, December 8th, 1920.

1890 and would be granted licences of per with the west coast of South America and Embassy - pore must be accepted with some reserve, tities at ordinary rates of duty. The cent of the cargo handled through the The figures are an estimate of the posi-licences of, permits would be in such form Canal since its opening was in transit Excellency's Note of December 7th, 1020,

"In acknowledging the receipt of your- tion at end of November.

as they would finally be collected at the between the United States and South port of shipment and would be checked America and fourteen and one half per concerning the unfortunate incident which by the authorised officers there with records cent was between the Atlantic Coast of occurred at Tientsin on the night of to be placed in their possession showing the United States and the Orient,

March 12th, 1919, between certain Ame- what each producer was entitled to exportDaring the year, 9,745 vesele passed rican soldiers and Japanese civilians and All qualities over 60 per cent, would be through the Cans, of which 2,475 were on both sides, I have the honour to subjected to a prohibitive duty commercial transits Tolls and other re-

This simple method of course requires venues amounted to 10,836,871, while cut accept on behalf of the Government of elaboration, but it could be made to meet rent expenses of operation and mainten- the United States, the expression of cases of most European-managed nor totalled. #6.548.979 The excess of sincere regret so frankly tendered by you entatex and many others, prema rereque this rose reduced to $2,231,091 the on behalf of the Japanese, Government For illiterate owners, licences or permita excess of operation coee and maintenance for the illegal arrest of American soldiers to export in the case of areas of over or over revenue for the six years the Caml by the Japanese authorities at Tientsin under 25 acres could be sued by Districts has been in operation, plement and for the, misleading, statenent made- 35,000 Officers after investigation, with or with At the rate of revenue this year it is by the Japanese Chief of Police at-Tien- 8,700 out the aid of District Advisory Commit expected that by 30thune, 1991, the col-tain in reply to the American Consul

lections for tolls and other canal, revenars | General as to the presence of American- will exceed by a million dollars or more soldiers detained in the Japanese police: the total current expenses of operation and | station on the night of March 12th, 1919. Casal to hat date, after which the Canal which occurred on the following day. maintenance from the opening of theIn connection with the incident authorities think there should be an annual March 13th, when American soldiers surpins of five million dollar, or more.

50,000 Tons,

-118,000 At New York, in transit within

USA. and manufacturers' in visible stocks, BAY .........100,000 215,000

Total Monthly exports from FM.S. and 5:8. 3 months January March at normal rate of production→→→ per month Less 25 per cent. production

Actual

the

teca

98,000 GENERAL.

If the productions ceased in F.M.S. ducers as to how to reduce their outputs I would place no restrictions on pro- and 8.8. for 3 months, the world's supply Actual collection of crop connot well be would be reduced by say. 78,000 tons. controlled thus the rubber should be pre I do not agree with these figures. I veated from reaching the market by a pro put Malayan production at present at bibitive duty on the quantity to be re- sent at stricted to suspend tapping | 12,500 tons monthly.

CONSUMPTION.

In 1919 America imported about 234,000 tons. Assume a similar consumption for

Tonari First half of 1920

117,000 3rd quarter 60 per cent. of this

30,500 rate say

4th quarter 40 per cent. of this

rate say

Estimated imports for 1920

Surplus of imports over require

ments-

or say 1-3rd of 1921 requirements. PROSPECTS

-170,000, £80,000

90,000

The immediate prospects are far from being hopeful. It has been stated that, since October, America has been consum- ing only 40 per cent. of her normal re quirements.

We hear that American tyres are being dumped in Britain to an extent that is causing British manufacturers to reduce at and, in some cases, to close down altogether, a

Germany cannot, at present exchange rates, afford to buy rubber, and this ex- change factor is also affecting France, Austria and other countries in Europe. Russia is in a hopeless condition from trade point of view, and, altogether, the prospects of an early appreciable inocesso in the world's consumption of rubber is not such as to engender optimism NORED FOR ACTION.

If producers wishód. altogether on any month or months, the quantity they were entitled to export in these months would be carried forward:

MANGIAT ASBISTANCE. -

CHETAKO AND PALERMO:

WORLD'S MASTER, MAGICIANBI-

The art of magic has always made in loving neoples of the earth, but when the irresistible appeal to the Amusement art is performed by two of the world's

"Chefalo, lady and gentleman, the art,

entered the premises of the Japanese“ Consulate General at Tientsin and struck without provocation an official of the South Manchurian Railway Company who- happened to be standing near the en trance of the house, I have the honour ou behalf of the Government, af, the United States, to repeat to the Japanese, Goys

conveyed to the Intelligence, authorities ernment the expression of sincere regres for this incident which was origin by the Commeading Officer of the Ame

ties."

REVIEW IN 1920. *EXCHANGE.

to assist them presents difficulties,

The question of whom to assist, and how Many producers, and some of the largest, could, struggle through by drawing on greatest magicians, such as Palermo, and " rican-Military-at Tientain at the time- Government might state the broad lines according to the critics of America and sincere regret of this Government it occurred. I would further express the on which they would be prepared to con- England and elsewhere, reaches the if on the night of March 19th any sider giving, assistance, and leave it to a highest pinnacle. According to the American soldiers were present in the Board of Official sed Unofficial Members Magician, Italy has ments many good Japanese concession contrary to the strict to consider applications and make recome magicians, but few so good as Chefalo and orders of the American military authori- mendations."

Palermo: Some of the leading English The broad linse might be

papers christened Chefalo The King of 1-No loan exceps on first charge on the Magic Rings," and when he was p property

pearing in London some time ago the | TRADE 2-No assistance for areas under 3

editor of the Daily Express invited Chefalo to perform in that ofice among the strill, and the Express published a colamni eulogy of the marvellous feats performed by Chefalo heading the article with the words "Unequalled jugglery." Loans repayable out of virst pro- Chefalo and Palermo, while on the stage, b, if any, at least 50 per cent of such are always doing wonderful things. being set aside for that purpose.

always deceiving the thousand, øyes of 5.The extent of loans not to excod: the audience. Chefalo's personality is Rabe Deo (1200)

(Approx.)} ((0) -83. per scző per month for areas said to be as distinguished as Palermo's anton from 3 to 5 years old. Sis charming, They are a perfectly.

(8)2 per acre per month for areas matched couple in the magic world" Each Lowest

over 5 years

works cleanly and brilliantly, and each Average Rate (1007) to data) helps to emphasise, the other That the

3-A condition for granting a loan vu a property in bearing or areas in bearing to be, that no rubber is pro duced for 6 months from the date of

REPORT OF 1918 COMMISSION.

The following table compiled by MF C Ads Rozs illustrates the fluctuations of Exchange during the year:

11.08

103·15.46

The Commissioners went more deeply greater part of their performance is quito - Highest Hate (1920) so dala into their subject than I think is neces novel is another outstanding fact in their sary at this time.

success, for Chefalo is as elever in Lowest late (1990) to debuj Even if some of these figures and state.

The statistical position bas, changed ventor as he is a magician. Most of ments are a little wide of correctness, tiere greatly since 1918, and the figures then the tricks, big and small, are his own is ample evidence that, if the rubber declaration by producers of their magic world. His tricks with the magical audience

given are of little value now."

creations unique thing even in the growing industry is to be saved from die stocks harvested in respect of 1920, crop rings, for instance, has been performed. of their

in the stalls or "virde m front aster, something drastic must be done and wad mo shipped in desirable

The staret ettings pare. GOMB CURLY.

batore large audiences of mecbumkaty rich in the extreme and Falermo e dress- Government would be unwise to take experts in America and they bars ing is gorgeous to a degroo. The seats any action in regard to price. If rabber never able to find out how he does them for the season. here can be booked daily The only remedy is to reduce world's is kept off the market, the price will right First they are all mingle and then they at Moutrie where early application is stocks by keepingy rubber off the market. itself. This can be cffcoled in say one of 3 ways, A Trust may be desirable, but its area are bound together in one great series desirable. Chefalo and Palermo open at bembination, by competition, or by tion is outside the functions of Govern of links and on most occasions among the the Theatre Royal on Saturday, JASE

(Continued at foot of next column.) 9th, for a short sesson:

METHOD OF ACTION-

compulsion

ments