DUMPING CHECKED

Southland Times, Issue 21560, 25 November 1931, Page 7

DUMPING CHECKED

THE NEW BRITISH LAW. EMERGENCY ORDERS. (British Official Wireless.) Rugby, November 23. Details of further emergency orders under the anti-dumping law are being examined by the Board of Trade officials. A second order is expected to be issued on Wednesday. The first order applies to the, comparatively speaking, small proportion of articles which fall under class three of the Board of Trade list and comprises goods the abnormal importations of which during recent weeks is beyond doubt. More difficult problems are presented in connection with other manufactures, mainly manufactured articles, and these have been under constant examination in the department since the measure was passed. An important range of articles in the iron and steel group is stated by the newspapers to be under review. Meanwhile the position of agriculture is claiming considerable attention. The Daily Mail says that Cabinet will to-day examine a scheme for assisting agriculture prepared by the Minister of Agriculture, Sir John Gilmour. It states that the scheme includes a "proposal for wheat and barley as well as plans for protecting the home market against the importation of luxury agricultural products from abroad.” The Prime Minister has promised to meet a deputation of the Conservative Parliamentary Agricultural Committee to-morrow. The deputation represents all the varied interests of agriculture. STEAMERS SPEED UP RUSH TO LAND CARGOES. New York, November 23. American ships raced under full steam towards England to-day to land their cargoes before Wednesday when the tariff becomes effective, and the rush to export commodities, duty free, to-day reacted sharply against the price of sterling which dropped to 3.664, a loss of 61 cents from Saturday. STERLING WEAKENS REASONS FOR DECLINE. London, November 23. The Evening Standard states that sterling has consistently declined during the past month, partly owing to seasonal payments to America for grain and cotton and partly owing to the dumping of foreign goods and conversion from sterling to their own currencies. The latter influence is likely to continue for some little time. The weakness is partially due to anticipations of the early removal of exchange restrictions. Paris closed at 93.50, the lowest yet.