IRON AND STEEL
LOWER BRITISH DUTIES SEQUEL TO NEW AGREEMENT British "Wireless ETJGBY, Aug:. 7 On the recommendation of the Import Duties Advisory Committee, a Treasury order under the 1932 Act has been issued which reduces from v to-morrow, for five months, the Customs duties on certain iron and steel products 'to 20 per cent ad valorem. The report of the committee and the order follow upon an agreement reached between the British Iron and Steel Federation and the Continental Steel Cartel a fortnight ago. The effect of this will be to limit iron and steel imports into the United Kingdom from the cartel countries to 670,000 tons in the first year and 525,000 tons in each subsequent year, and' to secure for British iron and steel exports the same proportion of the total export trade of the contracting parties as they constir tuted in 1934, with allowances in excess of this quota. The Advisory Committee has reported that the agreement will, prove of great value. It is pointed out that the satisfactory operation of the agreement is held to require the institution of a system of licensing, but this is a matter of Government policy calling for legislation.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19350809.2.79
Bibliographic details
New Zealand Herald, Volume LXXII, Issue 22183, 9 August 1935, Page 11
Word Count
199IRON AND STEEL New Zealand Herald, Volume LXXII, Issue 22183, 9 August 1935, Page 11
Using This Item
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.
Log in