§ Mr. DUCKWORTH
asked the Secretary of State for Foreign Affairs if he can state the exact nature of the representations of the United State government on the subject of rubber restriction?
§ Mr. McNEILL
The United States Ambassador left with me on the 22nd of July an aide-mémoire stating that a critical situation had arisen in the United States rubber industry owing to the high price of crude rubber and the smallness of the stocks in London and the United States, due, it was said, to the working of the Stevenson scheme. Certain proposals made by the Rubber Association of America for improving the situation were quoted in the aide-mémoire as being likely to stabilise the price of rubber at a reasonable figure. Such stabilisation was stated to be essential for the continuance of normal operations by United States manu- 1728W facturers, and consequently for the encouragement of the rubber-growing industry.