DUTY VARIED.
LEAD AND ZINC. (British Official AA'ireless.) RUGBY. Aug. 22. The Treasury has issued an order, on the recommendation of the Import Duties Advisory Committee, fixing as from August 27 duties on unwrought lead and zinc at 7s 6d and 12s 6d per ton respectively, or 10 per cent ad valorem, whichever is less. The change is in response to representations regarding the working of the “world price” formula embodied : in the Ottawa Agreements. The Governments of Canada, Australia, and India have accepted an abrogation of the Ottawa provision and the new arrangements are the subject of an understanding between the producers, consumers, and the London Metal Exchanges. The committee indicates that the arrangements are an experimental compromise and are subject to reconsideration at need. The main feature is the substitution of a specific duty as stated for the present 10 per cent duty with no obligation on either side cither to supply or buy Empire metal.
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Manawatu Standard, Volume LV, Issue 227, 23 August 1935, Page 9
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158DUTY VARIED. Manawatu Standard, Volume LV, Issue 227, 23 August 1935, Page 9
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