NEW GERMAN TARIFF

Manawatu Standard, Volume XLV, Issue 143, 21 May 1925, Page 5

NEW GERMAN TARIFF

HEAVILY INCREASED DUTIES. WEAPON FOR BARGAINING. (By Electric Telegraph.—Copyright.) Received May 21, 9.50 a.m. BERLIN, May 20. Explaining the new tariff, heavily increasing tiio duties on cotton and woollen goods, artificial silk and motor cars, the Minister of Economic Affairs said that they were merely transitory and intended to serve as a weapon. for bargaining with other countries with a view to reciprocal reductions. The economic reasons for the increases were the heavy burdens on industry through taxation, reparations, the shortage of capital and high rates of interest. The commercial reasons were that the powerful competing countries, those iroin which Gertnany drew her raw materials, had introduced high tariff barriers, the lowering ot which w'as essentiaL to German industry if it was to survive.—Reuter.

SOME SPECIAL DUTIES. Received May 21, 11.6 a.m. BERLIN, May 20. The Minister of Economics said that the duties on motor cars and tractors were of special character because foreign manufacturers enjoyed an extraordinary start over the German motor industry. Therelore, the duties on imported motor cars would be higher than the duties on other products, amounting to about coU Reichsmarks per vehicle. These duties would bo reduced by half-yearly stages to the normal tariff. ’The same procedure would be followed for a gradual reduction of the duties on tractors. With regard to the customs duties on chemical products, which throughout would antount to under fen per cent, ad valorem, the Government proposals provide for lowering these in return for compensating advantages. —A. and N.Z. cable.

BLOW TO BRITAIN’S TRADE.

Received May 20, 8.50 a.m. BERLIN, May 20.

The new tariffs double many import duties, notably those on wool and yarns, and constitute another blow at Britain’s export trade. —A. and N.Z. cable.

TRADE WITH TURKEY.

GERMANY’S LARGE PROPORTION.

Received May 21, 8.60 a.m. CONSTANTINOPLE, May 20,

The German industrial penetration of Turkey has reached largi? proportions. She has secured £600,000 worth of orders in 12 months compared with Britain’s £30,000.—A. and N.Z. cable.