DANISH TREATY.

Waikato Times, Volume 113, Issue 18930, 27 April 1933, Page 7

DANISH TREATY.

FIXED DUTY ON BUTTER. A QUOTA ARRANGED. United Press Assn.—Elec. Tel CopyrtgH* (Received- April 27, 10.30 a.m.) LONDON, April 26. Under the Danish Trade Treaty, the duty of 15s per cwt. on butter will, remain. It fixes the Imports of Danish butter at 2,500,000 cwt. per year,, This apparently is below last year’s importations. PROVISIONS OF THE TREATY. GUARANTEES TO DENMARK. BENEFITS TO BRITAIN. (Official Wireless.) (Received April 27, 12.30 p.m.); RUGBY, April 26. By the new treaty entered inter by , the United Kingdom with Denmark, ; each country undertakes that import duties on certain classes of goods in which the other Is interested, will riot be raised above specified rates, which, in most cases are the existing rates. - but reductions are conceded by Den- j mark on certain classes of goods, including printed cotton piece goods, certain unbleached piece goods, certain piece goods of artificial sillc mixed with cotton or wool, carpeting piece goods, etc. An alteration is 'being made in the basis on which import duties are levied on -motor cars.

Denmark agrees to maintain freedom from import duty on coal, coke, iron, steel and certain other goods, and Denmark’s undertaking not to increase import duties applies to a wide range of goods including certain tex- < tiles, linoleum, motor-cycles, w'hisky 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, no change being made before July, 1935. The United Kingdom undertakes import duty reductions on certain goods. Bacon and hams are to be kept free from import duty, and the existing rate Is not to be exceeded in regard to l butter, eggs, 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, approximately 70 per cent, will be maintained.

A substantial increase in Denmark’s purchases from the United Kingdom of iron and steel is anticipated. ■Denmark lias been guaranteed that in any compulsory scheme, her quotas of British imports of bacon, butter, eggs and fish will not be less than 62 per cent, of the total foreign supplies. She also has been guaranteed certain minimum quotas, if restrictions arc imposed on the imports of butter, eggs and fish. The treaty will operate for three years. ______________