EXTENSION OF QUOTAS

Poverty Bay Herald, Volume LXIV, Issue 19247, 12 February 1937, Page 5

EXTENSION OF QUOTAS

WEST AFRICAN TRADE NIGERIA AND GOLD COAST (British Official Wireless.) Heed. 9.30 a.m. RUGBY, Feb. 11. It was announced in December that on January 1, 1937, n revised system of textile quotas would be introduced in Nigeria and the Gold Coast, The details were then stated. It has since been represented that the quantities of textiles which could be introduced into the two colonies under the arrangements proposed might be insufficient, for the needs of the market. His Majesty's Government, therefore. lias decided' to'extend the first quota period from 12 to 18 months. Quotas For the extended period will be calculated on the basis previously announced, and licenses for the whole period will shortly be allocated. As a result, licenses will shortly be available. permitting the export into Nigeria during this period of goods from any foreign country to an amount equal to two and a quarter times the amount, imported from that country in 1935, or 3.75 per tent of the total imports from all conntries in thai, year, whichever is the larger amount, while in the Gold Coast licenses will similarly be available in respect, of nil countries, Fmpire and foreign.

The whole position will be reviewed in September next, and if it then appears that the licenses so issued are unlikely to meet the requirements of the market for the remainder of the quota period, n furl her issue of licenses will be considered.