Papuan Rubber Industry
p. 72 · Read in the full issue
IN view of the international situation, the Government of Papua has ap proached the Australian Government urging that a Rubber Stabilisation Fund be created to encourage the establishment and development of the rubber industry in Papua.
Rubber is one of the principal sources of revenue in Papua, and also represents one of the vital needs of Australia; and. in order that further capital may be at tracted to the Papuan industry, it is felt that something in the nature of a Gov ernment guarantee is necessary. Growers should be safeguarded against loss should the market price fall below a minimum figure. It is argued that 6d. per pound c.i.f. London would be a fair and equit able price for stabilisation, Papua now provides 10 per cent, of Australia’s rubber.