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PROTECTION

GERMAN ACTION TARIFF CHANGES. Press Association Electric Telegraph—Copyright LONDON, Wednesday. The “Daily Express” Berlin correspondent says that sweeping tariff changes Avill be introduced to-day, through an emergency decree, directed against countries Avith depreciated currencies, particularly Britain and Denmark. It is expected that the present duty on Danish butter Avill be doubled. The duty Avill be a blow to Australia aud New Zealand as, in addition to narroAving the German market, they AA r ill have to face increased competition on the British market.

SEVERE SHRINKAGE. GERMAN AND ITALIAN TRADE. LONDON, Wednesday. Eloquent proofs of the severity of the Avorld’s economic crisis and the shrinkage of purchasing poAver are supplied in the German and Italian trade returns. Germany’s exports in 1930 and 1931 were respectively at £566,500,000 and at £460,250,000. Her imports Avere valued at £510,000,000 in 1930 and at £331,500,000 in 1931. Her favourable trade balances were respectively £56,600,000 and £125,750,000. it is pointed out that the shrinkage of exports is due to a fall in prices rather than in volume, Avhile economy prohibitions explain the decline in imports. Italy ’s imports were £192,000,000 and £129,000,000 respectively in 1930 and 193 i, and her exports £135,000,000 and £111,500,000. She had an adverse trade balance of £57,00,000 in 1930 and £17,500,000 in 1931.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/WDT19320121.2.37

Bibliographic details

Wairarapa Daily Times, 21 January 1932, Page 5

Word Count
213

PROTECTION Wairarapa Daily Times, 21 January 1932, Page 5

PROTECTION Wairarapa Daily Times, 21 January 1932, Page 5