chapter  19
15 Pages

WARTIME ARRANGEMENTS IN THE WEST AFRICAN EXPORT TRADE AND THEIR RESULTS

Monopoly of export was obviously not required for the support of the local price of cocoa; an official guarantee to act as residual buyer at

a seasonally fixed price was all that was necessary.' A statutory export monopoly was equally unnecessary for the increase of the supplies of groundnuts and of oil-palm produce after the fall of the Far East in 194.2.