TIN PRICE POLICY
This change at first sight looks like a complete volte-face on the part of the Ministry of Supply. The policy of pre- venting inflation by restricting prices is abandoned and people are wondering whether tin stands alone in this respect. The short answer is that no other price-controlled com- modity is quite like tin. From the national point of view tin is like rubber in that the British Empire and France, considered as one unit, have a large exportable surplus which should be used to bring in as much foreign exchange as it can without exploiting the neutral consumer. Rubber has always remained free from price control, and so long as the price does not greatly exceed is. a lb. nor fall greatly below tld. neither the Empire producer nor the American consumer can feel aggrieved.
Previous page
