Talk by DAP Organising Secretary, Mr.Lim Kit Siang, to the Slim River DAP Branch on Saturday,18th May 1968 at 5 p.m.
For over a year, there has been a crisis in the rubber industry.
When rubber price dropped to a 19-year-old low of 47 cents on September 13 last year, the government went into a frenzy of activities and won a lot of publicity by announcing its intervention in the rubber market until “a fair price” was obtained.
One assumed that the fair price the government had in mind then was fifty-five cents.
However, despite the reported sum of $10 million which had been allocated to the Government Rubber Trading Trust Account to stockpile rubber, the price of rubber had averaged below 50 cents since. Continue reading Crisis in the Rubber Industry