COUPON SYSTEM.

Press, Volume LXVI, Issue 20089, 19 November 1930, Page 12

COUPON SYSTEM.

FRUITERERS' OPPOSITION. Opposition, to the extension oi the activities of a new rmi„, Christchurch was Mpr "l * CoDl Pany to ,0 *l, r,u ■ P rcssc d at a meeting of the Christchurch Wstrict Fruit . erers Association on Monday evening, KeiaHers' As,oci^o n : f a S m X e;^ Ih?M; 6 niste S r°for' t ]n"j !r^1 (1 . writo J; 0 matter. vernal Afiairs on the The procedure of the r-n was outlined by the nr f ' orn P aTl . v Association (Mr SV 7 " ° f \ he said that retailers were off*™, o ' o ' at &2 10k t>p>- , ered coupons at lUs per thousand, one of which go'odf'loYho e vul h ue CU of° as"J'T, h °l eht The customers could redeem S the L°" P °elect ic 0U( - h j, !" C COm P other good" for f whr, trnv.-. f],« «aue the retailers who gave the coupons were given the right to advertise the fact. As the thousand coupons, costing £,2 3 os, would be given awav for a turnover of -100 it meant that the shopkeepers who joined the s ,h eme wou f d be pajing the company 2J per cent., not on their profits, but on the g ross £ urn . over, and .it the name time merely advertising the company's goods. In return the company was supposed to urge thrt public to patronise those shops which gave the coupons. Mr Lambton saidLiu contusion, that he understood that in the days ot the Seddon Government legislation against the operation of such companies had existed but he did not know whether it was'still on the Statute Book. BIG ADVANTAGE OVER NEW ZEALAND. AUSTRALIAN' BUTTE 11 IN CANADA. muss association —ire bi,ect'ji:c TKLZOHAPXI—COPYJIIGHT.) \ ANC'OUVKR, November IT. "Australian butter lias an advantage of at least four cents a pound over New Zealand," the Collector of Customs, Mr George Allen, said to-day. '•Now Zealand butter is admitted under the British preference of eight, cents a pound; Australian butter comes under the Australian Treaty. It is taxed 011 c cent a pound, plus the dumping duty which is based on the domestic price in - Australia, but is- not to exceed fifteen per cent. At present- the dumping duty is three cents, and Australian butter therefore pays four cents against New Zealand's eight."

An Ottawa message &ays that while the Department of National Revenue has no immediate information regarding the appraisal for duty purposes ot Australian and New Zealand butter consignments whirli arrived by the Aorangi last week, it is stated that tho Canadian tariff requires the imposition of dumping duties, where the export value, of the commodities shipped to Canada is lower than the domestic value in the country ot origin. Since the operations of the Patterson Scheme, under which Australia enjoys a bounty, tend to bring Australian butter within the scope of the dumping clause, that dumping duty automatically applies. The duty is equivalent to the difference between the export and domestic prices in the country of origin, provided that the difference does not exceed 15 per cent of the domestic prices. No Dumping Duty. New Zealand butter is now imported under the British preferential rate of eight cents a pound. The Department has no information that the export price for New Zealand is lower than the domestic price in New Zealand, consequently no occasion has arisen for the imposition of a dumping; duty against New Zealand. Departmental officials are inclined to behevo that prima facie New Zealand exporters would have a certain advantage at present over Australian in spite of the fact that duty tinder the Australian Trade Treaty provisions, apart from the dumping dut,-<- is only one cent a pound, as against eight cents on New Zealand. COMMONWEALTH LOAN. EFFORTS TO ENSURE ITS SUCCESS. (ZXI'CLSy THESS ASSOCIATION—37 EMXY£TC TEL/EGUA-PE —CO*YrtIGHT.) MELBOURNE. November 18. The executive heads of the principal banks of the Commonwealth, under tlio chairmanship of Sir Robert Gibson (chairman of directors of the Commonwealth Bank) met to consider plans to ensure the success of the conversion loan of £28,000,000. The bankers later met Mr .1. A. Lyons (Federal Treasurer), and Mr IS-

J. Hogan (Premier of Victoria). Mr Lyons said the meeting discussed the backing of the banks, which was necessary for the success of the loan. The bankers meet again to-day. ARDATII TOBACCO. The profit for the year to Juno 30tk was, £715,174 (against £471,441), plus £29,i595 brought in. IMvidend 32 por cent. tax free (against » 5 per cent.); to reserve £150,000 (against £200,000); to buildings, etc., reserve Jt25,000 (unchanged); forward £125,509. GISBORNE GAS COMPANY. of the Dominion, the directors of Gisborne Giift Company think it best in the interests of shareholders not to pay Ihe usual halfyearly dividend this year.