THE CANADIAN TREATY

Evening Post, Volume CXXVI, Issue 122, 19 November 1938, Page 9

THE CANADIAN TREATY

OLD PACT EXTENDED

ADDITIONAL BENEFITS

WASHINGTON, November 17

The Canadian-American Treaty grants more favourable concessions to •exports of American farm and industrial products than the original pact which expires on December 31 next. The agreement covers American exports valued at 80,000,000 dollars annually on the basis of 1937 commerce. The United States has granted Canada, its best foreign customer, additional benefits on the basis of imports totalling 73,000,000 dollars in, 1937. The principal concessions on United States commodities are as follows:— Raw cotton, bound on the free list, 3per cent, excise tax removed. Lemons, ditto; dried and canned fruits and vegetables, duties cut .15 to 50 per cent.; eggs, reduced from 5 to 10 cents a dozen; grain and corn, reduced 10 per cent. Barley and oats are also reduced. Pulp paper and printed matter, 3 per cent, excise duty removed, with duty reductions in some cases. Metals: The duty on iron and steel has been reduced from 450 cents to 400 cents a ton. Machinery has been granted new concessions, but that does not include, however, automobiles and aircraft. Agricultural implements, 7_ per \

[cent, duty to stand, 3 per cent, excise [duty removed. Radio, reduced 30 to [25 per cent.; timber, reduced 20 to jlO per 'cent.; cotton fabrics, base bound against increase. Boots, shoes, and rubber tyres are reduced from 35 to 30 per cent. CONCESSIONS TO CANADA. Major concessions made to Canada include:—Grains: The duty on barley is lowered from 20 to 15 per cent.; rye, from 15 cents a bushel to 12; oats, from 16 to' 8 cents a bushel.

The timber duty of 2 dollars a 1000 feet on most timbers is continued, fir and hemlock being added.

Newsprint and paper - making materials are continued on the free list. '■

Nickel, aluminium, and zinc duties are reduced from one-fourth or less. Other reductions refer to perishable foods, furs, and fresh meats.