ABSTRACT
The agreements that had been reached over the winter of 1930-1931 simply set a framework which needed fleshing out in several different ways. The most pressing were to establish the principles whereby decisions at both the international and the domestic levels would be made. Once those parts of the machinery were in place it was possible to reinforce them, first through a pool to control stocks and then through the recruitment of the most important producer still outside the agreement, Siam.
