IRON AND STEEL
BRITISH REQUIREMENTS IMPORT DUTIES REDUCED (Received July 7, 6.5 p.m.) British 'Wireless RUGBY, July 6 The shortage of home-produced steel was referred to in the House of Commons by the President of the Board of Trade, Mr. Oliver Stanley. He said that the Import Duties Advisory Committee of 1935 was informed of the possibility of special steps being necessary to meet the increased demand for steel. Arrangements were then made with the continental cartel for imports in excess of those agreed to. Since then home production had developed greatly and further purchases had been made abroad. A sudden increase in the world demand in the autumn of 1936, however, had seriously affected the flow of imports and various adjustments of import duties had been made to maintain an increase in the rate of importation. Two orders had been issued whereby the duties on many categories of imported iron and steel would be substantially reduced as from to-morrow.
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Bibliographic details
New Zealand Herald, Volume LXXIV, Issue 22775, 8 July 1937, Page 11
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160IRON AND STEEL New Zealand Herald, Volume LXXIV, Issue 22775, 8 July 1937, Page 11
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