BRITISH IMPORTS OF IRON AND STEEL

Press, Volume LXXI, Issue 21449, 15 April 1935, Page 11

BRITISH IMPORTS OF IRON AND STEEL

I I i DUTIES RAISED | ; | [ continkntal roMi'irn l iON j i AT "DI'MIMXC" PRICKS | I ; nit in-ill itfic-iai. v. i ;:n,- i i (Jiccoived April 14. 7.5 p.m.) j RUGBY. April J2. | The House of Commons to-day I approved the new duties recently imposed on iron and steel imports.! Mr Walter Runciman (President ol'! (he Board of Trade) said imports j from foreign countries rose last | year by 36 per cent. Negotiations j had taken place between English j producers and the Continental car- ( lei for a reduction of foreign im-! ports and for the allocation to Bri- j tisii exporters of markets under the j influence of the cartel. It appeared j certain that no real prospect of j agreement existed in the absence ol j official action. I

The Import Duties Advisory Committee accordingly recommended duties equivalent to s(i per cent, ad valorem at present prices, which were dumping prices. Conversations would be resumed with the cartel on April 16, and he hoped a satisfactory arrangement would be reached.