FILM IMPORTS
AGREEMENT REACHED HOLLYWOOD PRODUCTS BRITISH DUTY REPEALED LONDON, March 11. The President of the Board of Trade, Mr. H. Wilson, announced in the House of Commons today that the 75 per cent ad valorem duty on American films imported by Britain, imposed in August, 1947, would be withdrawn and normal exports from Hollywood would be resumed as soon as possible. Mr. Wilson said the film agreement fixed film earnings to be permitted to the United States for new films and reissues at 17,000,000 dollars a year for the first two years. He added that Britain at present. was paying at the rate of approximately 50,000,000 dollars a year as remittances on reissues of films already in Britain. Additional remittances in dollars of sums equivalent to the earnings of British films in the United States would be permitted.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GISH19480313.2.72
Bibliographic details
Gisborne Herald, Volume LXXV, Issue 22585, 13 March 1948, Page 5
Word Count
139FILM IMPORTS Gisborne Herald, Volume LXXV, Issue 22585, 13 March 1948, Page 5
Using This Item
The Gisborne Herald Company is the copyright owner for the Gisborne Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.