TREATY WTH DENMARK

Taranaki Daily News, 28 April 1933, Page 7

TREATY WTH DENMARK

AGREEMENT ON TARIFFS INCREASE IN TRADE HOPED PROTECTION ON QUOTAS BUTTER IMPORTS REDUCED By Telegraph—Press Assn.—Copyright. Rec. 5.5 p.m. Rugby, April 26. By the new United Kingdom-Danish trade agreement each country undertakes that the import duties on certain f classes of goods in ■which the other is interested will not be raised above the specified rates, which in most cases are the existing rates, but reductions are conceded by Denmark on certain classes of goods, including printed cotton piece goods, certain piece goqds of artificial silk mixed with cotton or wool and carpeting piece goods. An alteration is being made on the basis on which the import duties are levied on motor-cars. i Denmark agrees to maintain freedom from the import duty on coal, coke, iron and steel and certain other goods, and Denmark’s undertaking not to increase the import duties applies to a wide range of goods, including certain textiles, linoleum, motor-cycles, whisky and gin. If the Danish market is flooded with cheap textiles from other countries the two Governments will discuss proposals for the purpose of preserving or restoring the economic level of prices, but no change is to ba made before July, 1935. The United Kingdom undertakes import duty reductions on certain goods. Bacon and hams are to be keot free from the import duty and the existing rate is not to be exceeded in regard to butter, eggs and tinned cream .and- certain other goods. Not less than 80 per cent of Denmark’s imports of coal, representing an increase of 1,500,000 tons annually, will be obtained from Britain, whose proportion of Denmark’s coke imports, of approximately 70 per cent, will be maintained. . A substantial increase in Denmark’s purchases of United Kingdom iron and steel is anticipated. Denmark has been guaranteed that in any compulsory scheme her quota of British imports of bacon,’ butter; eggs and fish will not be less than 62 per cent, of the total foreign supplies. She has also been guaranteed-certain-minimum quotas if restrictions are imposed on the imports of butter, eggs and fish. The treaty operates for three years. The agreement retains the 15s a cwt duty on butter and fixes the imports of Danish butter at 2,300,000 cwt. yearly, which is appreciably below last year’s figures.