CANADIAN BUDGET.
EMPIRE TRADE PREFERENCE. CUSTOMS DUTTES REDUCED. (United Press Association—Copyright) OTTAWA, March 22. The Minister of Finance (Mr Rhodes) in his Budget speech, announced that preference on Australian raisins had been extended to March 3.1, 1936. The excise tax on spirits had been reduced from seven to four dollars a gallon and the British preferential duty on spirituous liquors had been reduced from eight to five dollars per proof gallon, in order to circumvent bootlegging and smuggling. Provision had been made for intro-Empire extension, by Order-in-Council, of the most favoured tariff treatment accorded to any foreign country, paving the way for the removal of existing anomalies and materially widening the scope of the benefits of the preferential principle. There had been a downward revision of 48 items of the Customs tariff, with four revised upward. The Minister Announced that plans for a general refunding of all Federal, provincial and municipal debts were 'being considered, with the possibility of establishing a National Loan Council on the lines of the Australian model.
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Ashburton Guardian, Volume 55, Issue 139, 25 March 1935, Page 5
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171CANADIAN BUDGET. Ashburton Guardian, Volume 55, Issue 139, 25 March 1935, Page 5
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