538 



THE INDIA RUBBER WORLD 



[July 1, 1913. 



provided for. Rule 4 fixes the "prompt" (or date of settlement) 

 as the Saturday fortnight from date of sale or tender; sales 

 or tenders dated on Saturday to be "prompt" that day fortnight. 

 Draft Yi per cent., discount 2J4 per cent., but on contracts made 

 on and after January 1, 1914, no allowance for draft or discount 

 will be made. 



TENDERS. 



Under rule S tenders are to be made on official forms, which 

 arc circulated through the hands of the parties interested. For 

 a tender to be good, the first seller must be in a position to 

 deliver on day of tender. By rule 6 buyers have the option of 

 rejecting any tender of less than 2,000 pounds, except in comple- 

 tion of a contract. 



Rule 8 provides that rubber sold under standard descriptions, 

 before being tendered, must be certified by the Standard Qualities 

 Committee of the association. 



WEIGHTS. 



According to rule 12, rubber is to be taken at reweights. Rule 



13 provides for the final deHvcries on contracts to be within 100 



pounds of the weight contracted for, but in any case the nearest 



admitted by the average weight of the cases of the final tender 



ARBITRATION. 



The following rules apply : 



Def.-\ult. Rule 14. — Whenever it may be admitted by the 

 seller or decided by arbitration that the seller has failed to fulfill 

 the terms of the contract, the buyer shall "close" by invoicing 

 back the rubber to the seller at once, at a price and weight to be 

 fixed by arbitration, which price shall not be less than 2 per cent., 

 and not more than 10 per cent, over the estimated market value 

 of the shipment contracted for on the day upon which the de- 

 fault occurs, the difference to be due in cash in seven days. 



Shipment Contracts. Rule 16. — When a parcel of rubber is 

 sold under one of the standard descriptions for a specified ship- 

 ment or for shipment by a specified steamer, and found inferior, 

 or if any portion tendered be found inferior, buyers sliall have 

 the option of rejection; and the quantity so rejected, whether 

 the whole or any portion, shall not constitute a delivery on the 

 contract, but should the time for delivery have expired the seller 

 shall be allowed three clear working days to replace the quantity 

 rejected (provided that such quantity was in the opinion of the 

 arbitrators a hova Me tender), otherwise Clause 14 of these 

 rules to apply. 



If Rubber is Inferior to Gu.\r.\ntee By 0\-er 2d. Per Pound. 

 Rule 17. — When a parcel of rubber is sold with a guarantee of 

 quality other than as specified in Rule IS for a specified shipment 

 or delivery or for shipment by a specified steamer, and found 

 inferior, or if any portion tendered be found inferior, the buyer 

 must accept the same with an allowance, provided such allowance 

 in the opinion of the arbitrators be not more than 2d. (two 

 pence) per pound or otherwise as may be specified in the con- 

 tract; but should the parcel or any portion tendered be rejected, 

 the seller to have the option (provided that it was in the opinion 

 of the arbitrators a bona Me tender) of substituting guaranteed 

 quality on the spot, to fulfill his contract within three clear work- 

 ing days or the expiration of time for delivery as the case may 

 be; otherwise Clause 14 of these rules to apply. 



APPLICATION. 



Application.- — The final clause provides that these rules shall 

 govern all contracts made on or after May 1. 1913. 



KUBBER MANUFACTURING MACHINERT. 



Under No. 1091S, the Bureau of Foreign and Domestic Com- 

 merce reports that a European engineer, at present engaged as 

 consulting and visiting engineer for tea and rubber estates, in- 

 forms an American consulate that he is confident American 

 manufacturers of rubber-making machinery could find a large 

 market locally if they were willing to undertake the manufacture 

 of machinery slightly different from that now in use on rubber 

 estates. He states that he is willing to submit plans and specifi- 

 cations for machinery such as he believes would find a consider- 

 able market among estates, to any American manufacturers who 

 will communicate with him. 



BECOVERY OF RUBBER SOLVENTS. 



In the application of rubber to fabrics on the spreading ma- 

 chine, the benzine is lost through being converted into gas by 

 evaporation, unless there is a suitable apparatus for the recovery 

 of the solvent. According to the "Gummi-Zeitung," such an 

 apparatus might be constructed as follows : A longitudinal wood 

 frame with a suction appliance is built in the spreading machine, 

 while on the wood frame a funnel-shaped appliance of thin 

 galvanized iron is constructed, in the center of which is a pipe 

 for the suction of the benzine vapors. It leads to the cooling 

 apparatus, which is situated outside the building. The suction 

 pipe lies somewhat higher than the waste pipe, both being con- 

 nected by a T-shaped piece. The pipes are cooled by cold water, 

 the benzine vapors being thereby again converted into benzine 

 and caught up in a glass carboy or other suitable receptacle. 



A RUBBER INSTITUTE! 



Writing to the "Financial Times'' of London, under the name 

 of "Robusta," a correspondent suggests that the Eastern planta- 

 tions should establish in London an institute for dealing with 

 anything and everything which may promote their welfare. 



Its activities might be under two headings: (1) commercial, 

 (2) educational. Under the first heading it might be made the 

 chief Rubber Exchange of the world, where the dealers might 

 have their offices and meet their clients at daily markets. It 

 could also be made a rubber technical institute, dealing with all 

 problems in connection with the manufacture of the raw material 

 and the discovery of new uses for rubber. L'nder the second 

 heading it might become a training schoool, where young men 

 proposing to become planters might receive the necessary scien- 

 tific training for reaching the highest standard of efficiency. 



It should have at its disposal funds for the encouragement of 

 research, by offering substantial prizes for essays, observations, 

 experiments, or technical improvements which might add to 

 the prosperity of the industry. 



A PROSPEROUS GERMAN COMPANY. 



The Rhenish Rubber and Celluloid Co. reports for 1912 a 

 surplus equalling $658,903, as compared with $617,263 for 1911. 

 .\ dividend of 30 per cent, has again been paid. 



UNITED BERLIN-FRANKFURT RUBBER FACTORIES. 



At the recent general meeting of the above company a dividend 

 of 9 per cent was declared for 1912. Prospects for the current 

 year were said to be affected by the political situation, which had 

 restricted purchasing operations. 



HYGIENIC EXPOSITION AT LIMA. 



An international hygienic exposition will be held at Lima, 

 Peru, from September 2 until December 31. 1913. All ex- 

 hibits will be admitted free of duty. 



INCREASING FRENCH TRADE IN AMERICAN RUBBER SHOES. 



United States Consul Carl Bailey Hurst, of Lyons, France, re- 

 ports that trade in American footwear is increasing in his dis- 

 trict. American rubbers, storm slippers and sandals being more 

 widely used. 



RUBBER TRADE BETWEEN LONDON AND UNITED STATES. 



According to the recent report of Consul General John L. 

 Griffiths, of London, the imports from the United States at that 

 point for 1912 included 441 tons of rubber, valued at the equiv- 

 alent of $135,488. 



The crude rubber exports to the United States represented for 

 1911, $13,733,753; and for 1912. $28,676,300: while the exports of 

 rubber clothing and manufactures represented for the two years 

 respectively $483,178 and $487,379. 



MR. YORKE'S OFFICE IN PARIS. 



Mr. H. William Yorke announces to the trade that he has 

 opened offices at 26 Rue de Turin in Paris, for the purpose of 

 dealing in Colonial produce in general, but particularly in crude 

 rubber. He has had twenty years' experiance in the gathering, 

 cultivation and manufacture of rubber. 



