INCREASED DUTIES
Sweeping Tariff Move by Germany BUTTER MAY BE HIT By Telegraph*-Press Awn.—Copyright. -. (Rec. January 20, 7 p.m.) London, January 20. The “Daily Express” Berlin correspondent says that sweeping tariff changes will be introduced to-day through an emergency decree directed against countries with depreciated currencies, particularly Britain and Denmark. It is expected that the present duty on Danish butter will be doubled. The duty also will be a blow to Australia and New Zealand as, in addition to the narrowing German market, the effect will be to increase the competition on the British market. HEAVY TRADE DROP Germany’s and Italy’s Year SEVERITY OF THE CRISIS (Rec. January 20, 7 p.m.) London, January 20. Eloquent proofs of the severity of the world’s economic crisis and the shrinkage of purchasing power are supplied in the German and Italian trade returns. These are:
many that the shrinkage of exports has been due to falling prices rather than falling volume, while economy prohibitions explain the decline In Imports.
Germany. Exports .. Imports 1930. £ 566,500,000 510,000,000 1931. £ 460,250,000 331,500,000 Favourable balance 50,500,000 128,750,000 Imports ., Exports .. Italy. 192,000,000 135,000,000 129,000,000 111,500,000 Adverse balance .. 57,000,000 17,500,000 It Is pointed out in the case of Ger-
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Bibliographic details
Dominion, Volume 25, Issue 99, 21 January 1932, Page 9
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198INCREASED DUTIES Dominion, Volume 25, Issue 99, 21 January 1932, Page 9
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