CANADA’S BUDGET
EFFECT ON U.S. IMPORTS CHEAPER TEA (Received Mar 3,2 p.m.) OTTAWA, May 2. Canada's Budget will affect approximately 300.000.000 dollars (£60,000,000) in the value of l nited States imports. The chief item altered is iron and steel, which probably will affect 250.000 dollars in United States imports. Changes in British preference are estimated to ailed 200.000.000 dollars in the value of imports from Britain, the main item being iron and steel. Owing to the removal of the lax on British-grown tea. the prices of Empire tea were cut seven cents (3g,d) a pound to-day in the city’s two largest department stores. Sales departments Holed an immediate drop in coffee orders and an increase in the tea demand.
The opinion is expressed in creamery circles that New Zealanders are liable to dump large quantities of butter into Canada before the tariff change on October 12.
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Bibliographic details
Poverty Bay Herald, Volume LV, Issue 17249, 3 May 1930, Page 6
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146CANADA’S BUDGET Poverty Bay Herald, Volume LV, Issue 17249, 3 May 1930, Page 6
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