RE-EXPORTS BILL

Feilding Star, Volume 2, Issue 317, 22 August 1924, Page 6

RE-EXPORTS BILL

SECOND BEADING s. .AUSTRALIA AND NEW ZEAX- _ LAND Ufy Electric; Cable —Copyright). ,Aust. ami n.'/> cable Association! Melbourne, Any; 21. Tho New Zealand lie-exports Bill was read a second time in the lederal House. . The Minister 'of Customs explained that' the object of the Bill was to faci litate roconroeal trade between Australia and New Zealand.

THE BILL C OES THROUGH Later. The Bill, which has passed all its stages in the House, sets out that where goods are imported by New Zealand from any country except Australia and are from there exported to Australia, their value for duty should he: (a) the current domestic value in the country of origin, at the date of export to New Zealand, (b) all charges payable or ordinarilly payable for placing goods i'.o.b. at the port of expert to New Zealand, (c) 10 per cent., of the sum of the amounts .specified in (a) and (b) and (J).:10 per cent, of the amount specified in fa), (b) and (o) where goods bare appreciated in value between the date of leaving the original country and the date of import by AustraliaThe basis of valuation will be the appreciated value.