TRADE AGREEMENT

Wairarapa Daily Times, 1 August 1933, Page 5

TRADE AGREEMENT

BRITAIN AND ARGENTINE RATIFIED BY SENATE. Press Assujfiiiija Electric Telegraph—Copyright BUENOS AIRES, Monday. The- Senate has ratified the AngloArgentine trade treaty. (The agreement was signed on Ist May by Dr. Ro-ca, head of the -special Argentine mission to Britain, and the President of the Board of Trade, Mr Walter Runciman. The subjects dealt with in the convention are the treatment of Argentine meat, the exchange position in Argentina, and the tariff treatment of both countries’ goods. The articles dealing with Argentine meat provide that, if it should become nece-s-----asry, in order to secure remunerative prices in the United Kingdom market, to reduce the various categories of Argentine meat below the Ottawa levels, the effect upon the price level -desired shall not be negatived by replacing these .reduced imports of meat from -other countries, including the British Dominions. Argentine meat is promised fair and equitable treatment. Regarding the .exchange position, the agreement provides that after the deduction of a reasonable sum annually towards the payment of the service -of Argentine’s public external debts in countries other than the United Kingdom, the full amount of the sterling exchange resulting from the United Kingdom’s purchases of Argentine produce will be made available for current remittances to the United Kingdom. Frozen peso balances trill be- funded by an issue by the Argentine Government of sterling bonds. The agreement will remain in force for three years.)