Rubber
p. 90 · Read in the full issue
Plantation
Papuan Rubber Pfetues
During World War 11, Papua’s rubber pro duction was controlled by the Australian Govern ment. The fixed prices paid at plantation, per lb. (Australian currency) were:—
Current Rates Since the price control on rubber was lifted, most Australian trading firms are using the Singapore day-to-day quotations as a basis when buying Papuan rubber. The Singapore Exchange gives buying prices for four grades, and average rates ruling in January were:—
London Para.
Smoked Price onper lb. per lb.
January 3, 1936 . 6%d June 5 9d . . 7‘/.d January 8, 1937 . ioy 2 d June 4 lid . . 9 5 /ad January 7. 1938 7»/ 4 d . . 7d July 1 , . 7V 4 d January 6, 1939 7d . , 8Vad July 7 . 7%d . . 8V 4 d January 5. 1940 , 13d . . 11.6%d July 5 . 15d . . 12%d January 3. 1941 13d . . 12.47 7 /sd June 6 16y 2 d . . 13.5 s /sd October 10 —Price officially fixed at . . 13%d
Grade 1 Grade 2 Grade 3 September, 1943 .
I/6V2 1/4 1/2 September. 1944 . 1/6 Vi 1/5 V s 1/3 V 2 July. 1944 1/4 y 2 1/3V 2 1/1 Vi
No. 1 RSS. loose. 37% cents, lb. fl/0.76d. Aust.) No. 1 RSS. baled. 37% cents, lb. (1/0.76d. Aust.) No. 2 RSS. baled, 35% cents, lb. (1/0.28d. Aust.) No. 3. RSS, baled, 34% cents, lb. (11.92d. Aust.)