DUBLIN STOCKS RISE.
EFFECT OF NEW TRADE PACT
(Received 2 p.m.)
DUBLIN, January 7.
The Stock Exchange reflected the effect of the Anglo-Irish trade pact. Many important shares rose from four to five points, including those of the Bank of Ireland.
Commandant Cronin, director-general of the Blue Shirts, in a speech at Tipperary, said the Free State Government had performed a complete volte face, which had created a favourable atmosphere to settle the economic war with England.
By the new pact, England would get £500,000 extra duty upon cattle and £1,000,000 for coal, while the starving Free State would get nothing except an opportunity to sell 150,000 more cattle at a ruinous price.
England previously had collected £4,500,000 a year from duties 011 Free State produce. The now pact would facilitate England's collection of the disputed land annuities.
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Auckland Star, Volume LXVI, Issue 6, 8 January 1935, Page 7
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138DUBLIN STOCKS RISE. Auckland Star, Volume LXVI, Issue 6, 8 January 1935, Page 7
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