BRITAIN’S FISCAL POLICY

Evening Star, Issue 20981, 21 December 1931, Page 9

BRITAIN’S FISCAL POLICY

THE NEW DUTIES WELCOMED BY INDUSTRY (British Official Wireless.) Pin* Association—By Telegraph—Copyrijki, RUGBY, December 19. (Received December 21, at noon.) The newspapers state that industrial and commercial opinion welcomes tbo new anti-dumping duties that came into force to-day. ■‘The Times’- says: “It is considered that the greatest benefit of the new. imposts will be felt ultimately by the cotton and woollen mills and tho clothing and hosiery factories, and by manufacturers of wireless valves and of electric lamps and fittings, but tho stimulus to home industries will not be seriously felt until the present accumulated stocks of foreign goods in these classes have been cleared.” The * Daily Telegraph says: “ Tho 50 per cent, duty is imposed additional to and not inclusive of any imposts to which any goods were liable before the issue of the orders. There are some imports which have been subject to a key industry duty of 33 1-3 per cent. Glass bottles and Japanese wireless valves being cases point. The impost will be 100 per cent, where a 50 per cent, ad valorem duty was previously enforced. Cameras and their parts have now become liable .to duties equivalent to their value.”OPEN DOOR NO LONGER POSSIBLE FRIENDLY NOTE TO FRANCE JPrMi AMociatioB —By Telegraph—Copyright. , PARTS, December 19. Britain’s Note reminds Franco that Britain’s open door to imports helped to keep European trade going, but that the tariff policy of other countries no longer justified a continuance of this course. Britain could not afford longer to carry the immense burdens and interests of others. A general settlement of war debts and reparations must be faced. The Note is quite friendly, and deals only with principles, leaving details to he settled by an international conference at the New Year. FRENCH WINE TRADE A SLUMP IN CHAMPAGNE. LONDON, December 20. A Paris message states that owing to the heavy drop in exports to Britain champagne has slumped, and is now being retailed at Is 6d per bottle. GERMANY'S POSITION BERLIN, December 19. Although sympathising with tho German claim for a discussion on the new British duties, Britain has informed Germany that at present she cannot see her way to negotiate, as withdrawal is impossible.. The German reply maintains that she is entitled to a free hand in her subsequent measures. The Centro Party in the "Prussian Diet is already demanding a restriction on imports of British coal as a retaliatory measure.