Salt Lake Telegram | 1930-12-11 | Page 16 | Cuban Interests Seek Monopoly in China

C Cuban b n Interests Seek II Monopoly in China t SHANGHAI Dec 11 AP AP ow Pow Powerful erful Cuban Cubon sugar interests arc are un- un here re to have hava proposed to the Chinese 50 government o that they be a n year twenty sugar monopoly monopoly mo mo- In in China under terms which would exempt Cuban sugar from I Chinese Chine Imp Import Impart rt duties TJ TJ-j TJ Cuban combine and Chinese government would share equally In Inthe Inthe the tIie pr profits from front tho the expected heavy he-avy increase In consumption Report S are current that tho the Chinese government gov government government gov gov- rejected the tho proposal pointing pointing- out that China In 1929 im imported imported imported im- im ported tons ons of ot sugar valued at or about 47 41 which produced a a. revenue of or about Mexican Furthermore the sugar duties will be Increased und under r. r the new lew tarl tariff r regulations which come f I Into in 1931 Tho The duty on on onI I white sugar it Is understood will willbe willbe I be doubled The Cuban Interests ar are also un understood un- un un-I un od erto-od to havo proposed initiation n i of ot of sugar refining reLInIng in China as a a. a Joint government enterprise tho the Cuban providing i gold cold old of ot the capital