BAN ON MACHINERY.
IMPORTATION INTO BRAZIL. REMEDY FOR OVER-PRODUCTION PROHIBITION FOR THREE YEARS. (United Press Association—Copyright). (Received This Dav, 31.20 a.m.) RIO DE JANEIRO, March 11. A decree was signed to-day by the President (Senor Gargas) prohibiting, for three years, the importation of machinery for manufacturing purposes, because conditions of over-production are believed by the Government to exist in the textile and allied industries. The deoreo demands that an inventory of all machinery in Brazil be completed within GO days. UNITED STATES VIEWPOINT. | 1 ~ IMPORTANT MARKET CLOSED. (Received This Dav, 11.20 a.m.) WASHINGTON, March 11. The Brazilian embargo on the importation of machinery is described by officials of the Department of Commerce as the most drastic by a South American country. Recently the market was regarded ns one of the most important outlets for such products.
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Ashburton Guardian, Volume 51, Issue 128, 12 March 1931, Page 5
Word Count
136BAN ON MACHINERY. Ashburton Guardian, Volume 51, Issue 128, 12 March 1931, Page 5
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