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

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Banker Come to Bank

arrangement which was blessed by Government, which also permitted Kilachand to become selling agent of a monopoly product because, it was said, the investment was large. Synthetics ran early into selling difficulties, nevertheless. The tyre companies would not use Indian synthetic rubber without approval from their principals or collaborators whose laboratory testing, etc, generally took six months or more. Fear of import control finally persuaded the tyre companies to use local synthetic rubber, Being an organised lobby themselves and working under price control, the tyre companies were further reluctant to pay the fancy prices set by Synthetics or, what comes to the same thing, by Kilachand. Government had finally to intervene and suggest a mutually agreeable price.

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