CANADIAN BUDGET.
• Provision for Empire Tariff Preference. REFUNDING OF DEBTS. (Received 12 noon.) OTTAWA, March 22. The Minister of Finance. Mr. E. N. Rhodes, ill the Budget, .announced that the preference to Australian raisins had been extended to March 31, 1930, the excise tax on spirits had been reduced from 7 to 4 dollars per gallon and the British preferential duty on spirituous liquors reduced from 8 to ~> dollars per proof gallon in order to circumvent bootlegging and smuggling.
Provision is made for intra-Einpire extension by Order-in-Council of the most favoured tariff treatment accorded any foreign country paving the way for the removal of existing anomalies and materially widening the scope of benefits under the preferential principle. .
There was a downward revision on 48 items of Customs tariff, with four revised' upward.
The Minister announced that plans for general refunding of all Federal, provincial and municipal debts was being considered with the possibility of establishing a National Loan Council similar to the Australian model.
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Auckland Star, Volume LXVI, Issue 70, 23 March 1935, Page 9
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164CANADIAN BUDGET. Auckland Star, Volume LXVI, Issue 70, 23 March 1935, Page 9
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