TARIFFS AND TRADE

Grey River Argus, 12 May 1932, Page 6

TARIFFS AND TRADE

OTTAWA PARLEY Convenor’s Views (Received May 11 at 7.15 p.m.) OTTAWA, May 10. Mutual advantage to every section of the Empire would be" the objective of the Imperial Economic Conference here in July, the Premier, Mr Bennett stated in the House of Commons today. The Premier himself will head the Canadian delegation. Mr Bennett said he believed that the Conference must “sit down and consider the development of the resources of the Empire.” These resources were scattered over the world. He had alwaybelieved in trade reciprocity as between the different parts of the Empire. The British Commonwealth constituted the greatest estate which Providence ever gave a people. The Premier stated that its development vvas a trust. At the Ottawa Conference n endeavour would be made to so adjust relations that benefits would accrue to all parts of the Empire. Tn reply to a question as to whether the statement that he had made at the 1930 Imperial Conference, offering| a preference “based on a ten per cent, preference,” was hard and fast Mr Bennett said: “That was by way of illustration only.” BRITISH DUTIES Another Increase ON FOREIGN SILK FABRICS. (Received May 1.1 at 5.5 p.m.) RUGBY. May 10. The Chancellor of the Exchequer’s financial resolutions introduced into the House of Commons will give effect to new duties on si'.k and artificial silk, which will remain in force pending an inquiry by the Tariff Advisory Commit, tee. They provide for au additional duty of 10 per cent, over the existing Customs duty on yarns and fabrics other than apparel, and provide for a duty ou apparel of .10 per cent, add - tional to the duty based on weight, ranging from 9d per pound to 12s per p’ound, according to the amount of silk or artificial silk in the garment. Of the alternative duties, whichever is the higher will be appl ed. RETALIATION ON BRITISH COAL. (British Official Wireless.) RUGBY, May 10. In the House of Commons, th e . President of the Board of Trade, Rt. Hon. W. C. Runcimau, said that discussions in progress with the German and Be 1 - giau Governments regarding their restrictions ou the importation of coal from the United Kingdom. CANADIAN WHEAT BONUS DROPPED. (Received May 10 at 5.5 p.m.) OTTAWA. May 10. The Canadian House of Commons on Tuesday turned down a proposal to continue the State bonus on exported wheat, an t | also a suggestion that the •export wheat bonus be based on the seeded acreage.