EXTENSION OF INTERNATIONAL RUBBER REGULATION AGREEMENT. Memorandum by the Chancellor of the Exchequer.

But the memorandum is silent no the question of what is likely to be the general reaction in the United States to an announcement that His Majesty's Government had agreed to an extension of the regulation scheme. Yet this question appears to be a crucial one. The regulation scheme is one which was suspect from the first in wide circles in the United States. The current rubber shortage has accentuated that suspicion (however unjust it may be in relation to the war-time efforts of the rubber industry), as was shown by the proceedings before the Truman Committee of the Senate.