CANADA LOWERS TRADE BARRIERS

Nelson Evening Mail, Volume LXX, 18 June 1936, Page 3

CANADA LOWERS TRADE BARRIERS

MR DUNNING’S BUDGET A feature of the May Day budget brought down in the Canadian House ‘of Commons by the Federal Minister

of Finance (Mr Charles Dunning) was the reduction in duties on a wide range of articles (writes Reuter’s Canadian News Service). This is the second time in less than six months that cuts have been made in the Canadian tariff structure. The budget contained over'loo reductions, about one-third of which apply to all countries, and two-thirds of which apply to all countries with whom Canada exchanges’ “most favoured na-

tion” treatment. The Minister of Finance called attention that Canada’s trade had risen by ;$152,000,000 in the year, and that Canada had risen from eighth to sixth place amongst the countries of the world in this respect. Among the commodities on which duties have been substantially reduced are implements and supplies used in farming and mining, feeds for furbearing animals, cotton andVartificial silk clothing and fabrics, machinery and tools of various kinds, nickel and electro-plated ware, cotton lace and embroideries, automobiles, gasoline, distillate used in tractors. The budget speech said that the Government was continuing the policy of fostering trade with other countries, and was contemplating the negotiation of agreements with several other countries. In order to encourage metal mining in Canada, all such mines which come into production between now and 1640 are to be exempt during the first three years of their production from the corporation income tax.