ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Cement without CACO

December 16. 1967 belly of Europe, and chaos certainly will reign in Greece if Constantine is not brought back to his throne. Cement without CACO A civil war, under the circumstances, cannot be ruled out, Certainly, it is inconceivable that the military can stay long on the top of what is a volcano of public anger. It will either have to use every repressive measure it can think of or resign itself to a period of chaos out of which a moderate government, once again under the aegis of the King, will have to emerge. Much of course, depends on what Washington plans for the future of Greece. The Pentagon brass, for all its sym- pathy for the colonels, can hardly want to see chaos in the soft under- IN a fortnight from now, the present scheme for partial decontrol of cement will end. So, probably, will CACO. Partial decontrol was introduced two years ago when cement was in short supply and expansion of capacity an immediate necessity. CACO, set up at the same time, did its bit during this period of shortage by distributing cement more evenly, managing the freight pool and the development component in the price, administering the different retention prices, and generally keeping erring units in line. This role became spurious when the supply of cement began to outstrip demand and the lower retention-priced units, situated nearer the available markets, wanted to reap their locational advantages. Desire to keep CACO going is now only partial within the industry.

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