SUGAR REBATE RATES

Taranaki Daily News, 28 December 1934, Page 5

SUGAR REBATE RATES

AUSTRALIAN EXPORT DEVICE. ITS EFFECT IN NEW ZEALAND. The Export Sugar Committee, states a Canberra advice of December 4, has determined the following rates of rebate which will be payable on the sugar contents of goods exported from Australia during December, 1934:—Fruit products exported to New Zealand, £7 9s a ton; other goods exported to New Zealand, £9 13s a ton; exports to other countries of fruit products, £2O 16s; and of other goods, £23 a ton. The chairman of the committee (Mr. A. R. Townsend) 'stated that the lower rebate on fruit products was due to the fact that sugar was supplied for the home consumption trade in fruit products at less than the price applicable to other manufactured goods. The lower rates on goods exported to New Zealand were due to a clause in the Australia-New Zealand trade agreement which provided that the sugar contained in Australian goods entering New Zealand should cost not less than import parity, plus New Zealand Customs duties. He added that the effect of the rebates payable in respect of goods exported to other countries was that the net cost of the Australian sugar contents was the same as the cost at any given time of bringing the cheapest sugar in the world to Australia without payment of Customs duty. Consequently there was no disability on the exportation of Australian jam, canned fruit, condensed milk, and other goods as far as the net cost of Australian sugar was concerned.