NEW SUGAR DUTIES.
In connection with the increase of £5 per ton in the wholesale price of sugar, as announced in Saturday's "Star," it should be explained that raw sugar, of the description used for refining in New Zealand. was formerly admitted free of duty. Under the new tariff, raw sugar is dutiable at Ysd per lb, plus a surtax amounting to one-twentieth of the duty, the total duty and surtax amounting to £4 18/ per ton The new tariff aleo directly increased the costs of other materials used in sugar refining, most of which were made eubiect to an extra one per cent primage dutv. Provision was also made, under the tariff, for cargoes of raw sugar to be admitted free of duty for refining in bond, an excise duty of £4 18/ per ton being then pavable on all sugar delivered from the refinery. . Arrangements have been made by the Colonial Sugar Refining Company, with the Customs Department, whereunder the duty and eurtax on sugar will be payable on an excise, not on an import basis. "Golden syrup and treacle are not dutiable, and the prices of these commodities have not been increased."
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Bibliographic details
Auckland Star, Volume LXII, Issue 223, 21 September 1931, Page 4
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195NEW SUGAR DUTIES. Auckland Star, Volume LXII, Issue 223, 21 September 1931, Page 4
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