It was announced by the press in July that the 35-nation International Sugar Council, meeting in London, had decided unanimously to raise sugar quotas immediately from 85 to 100 percent of the basic export tonnages of member countries, and, as soon as the prevailing price came within the range of 3.25 and 3.45 cents a pound, to increase quotas automatically to 105 percent of basic tonnages. In its communique1 the Council was said to have stated that the action was based on a review of the current market situation, which revealed that, on the basis of an 85-pcrcent quota level, the deficit of sugar in the world market for the current year would have amounted to 1,250,000 tons. The effect of the Council's decision, the press pointed out, was to allow Cuba to dispose of the 700,000 tons of sugar that the United States had decided earlier in the year not to purchase.

At a meeting of the International Tin Council in London on May 2 and 3, 1960, it was decided to set the total export quota of the six producing member countries for the third quarter of 1960 at the same amount as for the second quarter, namely, 37,500 tons. At the same meeting, the votes of the producing countries participating in the Agreement were reallocated, effective July 1, 1960, the percentages and the changes since 1959 being as follows: Federation of Malaya, 38.20 percent (plus 0.45 percent); Indonesia, 19.00 percent (plus 0.10 percent); Bolivia, 18.43 Percent (minus 0.97 percent); Belgian Congo, 9.17 percent (plus 0.12 percent); Thailand, 9.00 percent (plus 0.20 percent); and Federation of Nigeria, 6.20 percent (plus 0.10 percent). The Council did not renew the authority granted on previous occasions to the buffer stock manager, who reported at the end of April that there were 10,050 long tons of tin metal in the buffer stock as of December 31, 1959, to operate within the middle price range of the Agreement during the third quarter of 1960.