ANOTHER BLOW

Hawera Star, Volume XLV, 21 May 1925, Page 5

ANOTHER BLOW

AT BRITAIN’S EXPORT TRADE,

NEW GERMAN TARIFFS

DUTIES INCREASED. 3Y CABLE—PRESS ASSOCIATION—COPYRIGHT. (Received May 21, 8.50 a.m.) BERLIN, May 20. The new tariff doubles many import duties, notably wool yarns, and constitute another blow at British export trade. —Sydney Sun Cable. REASONS FOR NEW TARIFF.

BERLIN, May 20. Explaining that the new tariff was heavily increasing the duties on cotton and woollen goods, artificial silk and motor cars, the Minister of Ec-ono, mic Affairs said they were merely transitory and intended to serve as a weapon ‘for bargaining witii other countries with the view to reciprocal reductions. The economic reasons for the increases were the heavy burdens on industry through taxation, reparation, the shortage of capital and the high rates of interest. Commercial reasons were powerful competing countries, those from which Germany drew raw materials, the lowering of which was essential to German industry if it was to survive. GERMAN ACTIVITY IN TURKEY. (Received May 21, 8.50 a.m.) CONSTANTINOPLE, May 20. German industrial penetration of Turkey has reached large proportions. She has secured £500,000 worth of orders in 12 months, as compared with Britain’s £30,000. —Sydney Sun Cable.