Word: rubbered
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Dates: during 1930-1939
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Rudyard Kipling to the contrary, Britain's dominion over palm and pine by no means amounts to a monopoly. Britain's dominion over rubber plants, however, is the most extensive in the world. In the early 1920's rubber-growing Britons sought to control, through the notorious Stevenson plan, the world's rubber market. They managed to stretch rubber prices to $1.23 per lb., but when the restriction scheme collapsed the price did not stop shrinking until it hit 3? per lb. early last year. Chief reason for the plan's failure was not Secretary...
...after month in blackest secrecy talk went on in London and The Hague. Once last autumn it was reported that a tentative agreement had been reached but technical snags were struck. Finally in The Hague last week the British and the Dutch, acting as principals for eight Far Eastern rubber lands, which together produce about 95% of the world's supply, put their hands to a five-year restriction pact...
...quotas (in tons): Malaya-504,000; Dutch East Indies-352,000; Ceylon-77,000; Sarawak-24,000; Siam-15,000; North Borneo-12,000; India-6,850; Burma-5,150. New planting is practically banned; replanting is held down to 20% of existing area; export of seed to potential rubber regions is forbidden...
...London and Paris rubber shares bounced upward as crude rubber soared above 14? per lb., highest price in nearly four years. U. S. tiremakers prepared to ask government intervention, hinted at an early rise in tire prices...
...Twas called great Caesar's rubber stamp...