On Friday [October 18], the “Rangoon Times” extracted an article from the “Bombay Chronicle” of the 12th October setting forth a scheme for the handling of the rice trade in Bombay. The rice market was closed on Saturday, but to-day [October 21] the matter was widely discussed and a largely attended meeting of the Burma Rice Merchants’ Association was held to protest against the scheme as set forth in the “Bombay Chronicle’’. At an urgent meeting this afternoon [Oct. 21] of the Burma Rice Merchants’ Association the following resolutions were passed: (1) That the Burma Rice Merchants’ Association composed as it is of almost all rice traders, dealing between Burma and Bombay, has learned with alarm from an article appearing in the “Bombay Chronicle’’ of the 12th October that interested parties have submitted to the Bombay Government in the garb of public benefit, a scheme to monopolize rice trade and according to a statement by the Assistant Controller the Government are sympathetically considering it.
