£90,000 IN ALL.

Auckland Star, Volume LXV, Issue 162, 11 July 1934, Page 12

£90,000 IN ALL.

EFFECT ON REVENUE TIME TO SELL STOCKS. REMARKS BY MINISTER. "After a consideration of the increases and decreases made in the rates of duty, and the probable increase in trade due to the stabilisation of the tariff and the improved conditions generally, it is estimated that the effect of the modifications on the items affected will be an increase in the revenue ot about £90,000," said Mr. Coates. "The amount received in Customs revenue during last financial year was approximately £6,485,000. This formed about 38 per cent of the total taxation revenue of the Dominion. Generally speaking, it has been found necessary to retain revenue duties at their present level. In some eases, however, it is considered that the existing rates of duty are having an adverse effect. It is proposed in such cases to make reductions which it is hoped will have the effect of increasing the revenue. "It is usual when .reductions are made in Customs dutiee to afford importers time to dispose of stocks of goods upon which duty at higher rates has been paid. If this were not done, it would mean that merchants holding such stocks would be placed at a disadvantage through having to compete with goods admitted at the lower rates of duty. In cases where the reduction in duty does not exceed about 5 per cent ad valorem, it is not considered that the matter is of sufficient importance to warrant, this special action, but in other cases it is proposed that, except in special circumstances, the lower duties or exemptions should not take effect until November 1, 1934.'' Currency Fluctuations. Referring to currency fluctuations and the exercise of authority granted to the Minister of Customs, he said: "The relation of fluctuations in the currency of various countries to tariff protection is one of the matters that have been receiving the consideration of the Government. It is generally recognised by economists that when the currency of a country is depreciating an advantage accrues to manufacturers in that country, but that, sooner or later, after the exchange has been stabilised, internal conditions adjust themselves to the influence of external conditions. Some factors which enter into production costs undoubtedly adjust themselves more slowly than others, and it is impossible to say when complete adjustment has taken place. It is evident, also, that the prices of imported raw materials, plant, etc., and of many local raw materials immediately tend to respond to the effects of exchange modifications. From information supplied to me, I am satisfied that in the majority of cases raw materials form at least 50 per cent of the total factory cost of goods manufactured in New Zealand, and in so far as the manufacturer's costs are increased by the influence of the exchange on such materials his advantage to that extent is immediately lost. "When these conditions, following depreciation of the currency, have been in operation in a country for some time, it is impossible to say with any degree of accuracy the extent of the adjustment which has taken place. Hence it is considered impracticable to deal satisfactorily with the question by means of a tariff, particularly in a comparatively low tariff country like New Zealand. Minister's Authority. "Exception has from time to time been taken of the powers of interpretation and decision granted to the Minister by Parliament under various Customs Acts. If these powers did not exist, the only other tribunals to which recourse could be had would be the I Courts. This was the position prior to 1907, and, as a result of the position i thus created, the administration of the tariff was rendered more complicated. , It was found also that general exemptions in the tariff were interpretated to cover goods that were not intended to come under those headings when the legislation was passed. At the present time many of the. tariff items are set out in general terms. "If the powers granted to the Minister were not retained, it would be necessary in many cases to embark upon a far greater enumeration of articles in the schedules than there is at present. Every item in such an enumeration might form the subject of Court proceedings, and, when one considers the rapid and complex changes which take place, both industrially and commercially, it' can be realised that to revert to the former position would be a retrograde step. "The Tariff Commission, in its report, sets out at length and in unmistakable terms its conclusion that the present system should be retained." j

Classes of Goods. Jaw crushers Concrete mixers Oil engines Bill-hooks, bush hooks, slashers and hedge knives Tanks, rectangular, of sheet iron, oil a capacity not exceeding L'UO gallons if imported containing goods Porcelain enamelled cast iron baths .... Builders' and cabinetmakers' hardware, viz., hinges (not being gate hinges), locks, lock sets and keys for locks, metal escutcheon plates, handles, etc., (on and after 1/11/34) Xails exceeding lin in length, also dog spikes (on and after 1/11/34) Nails, lead-headed and galvanised, cuplieaded roofing nails (on and after 1/11/84) Pipes, piping, tubes and tubing (except coil pipes) viz. : Cast iron, exceeding •Jin in internal diameter, or having a thickness of metal not exceeding 5-10tn ; rainwater, soil and similar pipes: wrought iron, steel or wood, exceeding I)In in internal diameter . . Lead or composition piping Knees, bends, elbows or inspection boxes and other fittings for pipes, of brass and Of cast lion for pipes over Sin in internal diameter Stereotypes, electrotypes, matrices, halftone and line blocks Tar sprinklers Tinware and tin manufactures (on and after 1/11/34) Window sashes or frames; metal Electrically welded wire fabric also metal lathing in combination with earthenware or other substances specially suited for building construction .... Bogies and trucks for railway or tramway vehicles; also power bogies for locomotives propelled by internal combustion engines Motor vehicles, viz.: Motor cars When imported unassembled or completely knocked down Motor vehicles, viz., other kinds Blncklead grate and stove polishes (on and after 1/11/34) Leather dressings, polishes boot, furniture, floor and metal polishes (on and after 1/11/34) Linseed oil, n.e.i., linseed oil in admixture with any other oil (on and after 1/11/34)

Classes of Goods. Linseed- oil, refined (on and after Beta"/ mineral' oils, - £ku ' «*«£&« In specific gravity 0.800 at 60 V Mineral oil specially suiter! for medicinal purposes us may be approved Transformer oil, of qualities approved by Linked 1 oil S and' Unseed' oil in" admire with other oil or oils, In vessels under FlS'liwStaln vessels 'having a'c'a'pa'city of less than one gallon Oils, other than fish liver oils, containing vitamins, in proportions equal to or greater than those of cod liver oil White-load, ground in oil (on and after Paints ami colours' ground'i'n liquid,' n'.c.i. paints mixed ready for use, enamel paints, thinners and driers, n.e.1.. varnishes, lacquers, preparations for removing paint, etc Puttv and wood tillers :•",,' Kalsomino, distempers, and aim!lar^preparations (UP to ami inc. 31/10/34) . (on and after 1/11/34) .. ■ • • • Timber, rough sawn or hewn, viz.: 1 "his, "ambcrtiana, Finns strobus, Finus monticola, also Balsa wood ■ Furniture and cabinetware, n.e.i.. and other than metal, including chairs of wood with wicker, bamboo or cane seats: billiard tables (on and after 1/11/34) •••■ •• Doors, wooden, plain or %'lazed Handles, broom, mop, hoe, rake and similar, viz.. hickory Brushes, brush ware and brooms, viz., carpet sweepers and floor polishers or scrubbers incorporating revolving brushes or mops ,■••,•••:•• *01d rate on confectionery and chewing j Australia, EXCISE Goods. Cut tobacco • Other tobacco (plug) Cigars Cigarette tubes or papers Cigarettes, not exceeding 2Jlb per 1000: Up to and including 31/10/34 On and after 1/11/34 ~ Cigarettes, n.e.i.: Up to and including 31/10/34 On and after 1/11/34

Proposed Rates of Duty. Old Rates of Duty. B.P.T. O.T. B.F.T. G.T. 20 p.o. 50 p.i\ 25 p.C. 50 p.o. 25 p.c. 50 p.C. 25-30 p.c. 45-00 p.e. (according to kind.) Free 45 p.c. 25-30 p.c. 45-UO p.c. (according to kind.) 15 p.c. 40 p.c. Ffrec-20 p.c. 25-35 p.c. (accord, size container.) 20 p.o., 45 p.c, 20 p.o., 45 p.c, or 2/ gal. or 4/ gal. or 2/ gal. or 4/ gal., plus 5 p.c. Free 20 p.c. Free-30 p.c. 20-50 p.c. (according to kind.) 20 p.c. 55 p.c. 25 p.c. 55 p.o. 20 p.c. 55 p.o. 25 p.c. oo p.o. Frca 20 p.o. 20 p.c. 40 p.o. 20 p.o. 50 p.o. 25 p.c. 50 p.c. 20 p.c. 5(1 p.c. 25 p.c. 50 p.o. Frco 25 p.c. Free 20 p.c. Free 20 p.o. Frco-20 p.c. 20-45 p.o. 8/100, 5/1UO, 3/100, 5/100, or 30 p.c. or 55 p.o. or 30 p.c. plus 5 p.o. or 55 p.c. 20 p.c. 50 p.o. 25 p.c. 50 p.o. 20 p.c. 45 p.c. 25 p.o. 45 p.c. 20 p.C. 50 p.o. 25 p.o. 50 p.c. Free 40 p.c. 20 p.c. 40 p.c. 15 p.c. ad viilUO p.c. 10 p.c. 40 p.c. Vi-fe 20 p.c. 10 p.c. 40 p.c. Free ' 25 p.c. 20 p.o. 45 p.o. Free 25 p.c. Free, or 25 p.o. or 20 p.c. 45 p.c. Free 35 p.c. Free 25 p.c. Free 35 p.c. 10 p.c. 35 p.c. 2d per bulb GJd 3d 7Jd 10 p.c. 30 p.c. Free 20 p.c. Free 20 p.c. Free 25 p.c. Free 50 p.c. 25 p.c. 50 p.c. Free 45 p.c. 20 p.c. 45 p.c. 20 p.c. 45 p.c. 10 p.c. 25 p.c. or free or 25 p.c. or free or 25 p.c. 20 p.o. 45 p.c. 25 p.c. 50 p.c. or free or 25 p.c. or free or 25 p.c. Free 45 p.c. 20 p.c. 45 p.c.

Froposed Rates of Duty. Old Rates of Duty. B.l'.T. G.T. R.P.T. G.T. 10 p.c. 85 p.c. 20 p.c. 45 p.c. ov free or 2,> p.c. 15 p.c. 40 p.c. 20 p.c. 4.1 p.c. 20 p.c. 4H p.c. 25 p.c. 50 p.c. or free or 25 p.c. or free or 2o p.c. Free 25 p.c. 20 p.c. 45 p.c. Free 25 p.c. 20 p.c. 45 p.c. or 25 p.c. or 50 p.c. 25 p.c. 50 p.c. 20 p.c. 45 p.c. Free 45 p.c. 20 p.c. 45 p.c. Free £4 per ton £2 pr Ion £4 pr ton Free 40 p.c. 20 p.c. 40 p.c. Free 40 p.c. 20 p.c. 40 p.c. Free 7/ per cwt U/(> per 7/ per cwt or cwt or free on 3/0 on dedeelara- duration. tion. Free 40 p.c. 20 p.c. 40 p.c. 20 p.c. 50 p.c. 25 p.c. 50 p.c. 20 p.c. 45 p.c. Free 20 p.c. or tree or 25 p.c. 15 p.c. 50 p.c. 25 p.c. 50 p.c. 20 p.c. 45 p.c. 25 p.c. 45 p.c. Free 1 20 p.c. Free or 10 p.c. or ( 20 p.c. 45 p.'-'. Free 25 p.c. 20 p.c. 45 p.c. 7J p.c. 52?, p.c. 21} p.c. 5GJ p.c. 15 p.c. (iO p.c. 10 p.c. 40 p.c. 10 p.c. 45 p.c. 20 p.c. 45 p.c. 10 p.c. 45 p.c. 20 p.c. 45 p.c. Free Od per gin Od 1/3

Proposed Rates of Duty. Old Rates of Durv B.P.T. G.T. B.P.T. G.T. Free 6d per gin Go" 1/ Free Free Free Free not exceeding i n sp. gravity O.SSO at G0°F. Free Free Free or Free or 6d per 1/ per gin. gin. Free Free New item 20 p.c. 45 p.c. 25 p.c. 4." p.c. Free 20 p.c. 20 p.e 40 p.c. or rice or free Free 20 p.c. 20 r.f. 40 p.c. or free or free Free 9/ cwt 6/ 0/ 15 p.c. 3.1 p.c. 20 p.c. 3" p.c. Free £ 1 10/ ton £3 10/ £5 1 ."> p.c. 35 p.c. 20 p.e. 35 p.c. Free 35 p.c. Free Free 7/0 or 0/G or n/G n/e per 100 sup. feet. 13 p.c. 50 p.c. 25 p.c. 50 p.c. 25 p.c. 55 p.c. 30 p.c. 55 p.c. or 4/ or 7/0 per door per door Free 20 p.c. 20 p.c. 45 p.c. Free 25 p.c. 25 p.c. 50 p.c. or 20 p.c. or 45 p.c. jtim manufactured in United Kingdom or 273 P.e. DUTIES. Proposed Kate of Duty. Old Rate of Duty. 4/11 per lb C/Q £ per lb or 9/2 4/0 per lb 3/lOi 4/(!perlb 5/0 ljd per GO cigarette tubes or papers or the equivalent nil 23/4 per 1000 23/4 17/3 per 1000 0/4 per lb 0/4 7/ per lb