IMPORT DUTIES.

Press, Volume LXVII, Issue 20180, 7 March 1931, Page 12

IMPORT DUTIES.

DEPRECIATED CURRENCY PROBLEM. j • Thai Canterbury Chamber of Com■merce!s report recommending ihe imposition of a deprecaating currency duty to protect New Zealand industries against importations, which was presented at Thursday;evening's, meeting, has been explained.. by the Chamber. It is now stated that the Chamber's proposal is that each: case should 1 be investigated by the Department and treated .entirely on its of the duty will be to protect against. importations , from countries with depreciating, currencies, only goods produced or manufactured in New Zealand, aiid it is .riot intended. ■ that the duty should be applied to imports generally. FALL IN PROFITS. IMPERIAL CHEMICAL INDUSTRIES. (UWTBD PRESS ASSOCIATION —ST ZUSCTBIC • : OISLEQBAFH —COPYRIGHT.) •(Received March 6th, 8.30 p.m.) LONDON, March 5. The . Imperial Chemical. Industries' profits - have fallen £1,250,000 during the year, being £4,473,000. The dividettd on ordinary shares is 6 per cent., compared with 8 per cent .in 1929. There will be no dividend on deferred 'shares. TRADE WITH RUSSIA. INCREASE IN AMERICAN EXPORTS. I . (CKITED PBC9S ASSOCIATION —BT MJtCTKIO MLEGBAPH—COPTEIOHT.) (Received March 6th;-8.15 p.m.) VANCOUVER, March 5. The United States exports to Russia continue - to. grow. The January figures were £3,000,000, compared with £2,500,000 for January last year. Imports from Russia to the United States have dwindled to £180,000., LONDON WOOL MARKET. IMPROVEMENT EXPECTED. The Bank of New Zealand has re-. ceived. the following advice from its . |jondon office under; date March' 4th: •—Wool , market now expected to improve fully 10 per cent., greasy and scdured, compared with last sales The New Zealand * Loan and Mercantile Agppoy Co., Ltd., have . received the following cablegram from their London Office, under date March '■4thj—Wool .sales list closed March 2nd, Tofegariro, 'Tcrrakina, - Port-' -vTyellingrton, Remuera, Benmohr, Rotorua, .Corinthio- available, : BRADFORD (QUOTATIONS., i'V ' ? ' IvkiTKb i rksßS" f A.seocr».Ttos>£-ar eutcTßio 1 - , WMtOBASH—OOPTBICWr.} •; . ' (Received' March 6th ,'5.5 4 p.m.) \ ' IXiNI>OK March 5. Bradford • ;is very.; firm, : quotations advancing' -rapidly,. .Jbut ..little business ,ia offwipe;— ■ - - * m 4; 'iow, 10* d. ' , ' * FINAL AUCKLAND SALE. 7 - ! >,' ; 1> " y -BRIGHTER - PROSPECTS. [THE 7SESB Special Service.] •, > f AUCKLAND. March 6. ' ' result •of Jhe improvement of ■ prions in ihe sqtith, the prospects for thV third hnd final Auckland wpdl sale of the. season,, will be held on MaTch 27tb, brightened consider-' 'ably-. -It• is - estimated . that approxiimately 45,000, bales of wool are held M Auckland province awaiting l sale, and an increase,of Id per lb ovgr.this quantity would ,mean >an additional gtiOjOOQ for .the- woolgrowers ,of the province. At this -early stage _ the orokerst are unable to give a reliable e'stimiite of /the -amount of wool* that ' yill jbtfVoffored in. Auckland. At present "it is coming forward-.,very, slowly. ' It is thought tlie, firmer tendency of the - might, have the effect of encouraging farmers in" a position to do so to hold, until next season.. \. CREDITORS MEET. ; i : >v " t ; * , HANSFORD MILLS; CONSTRUC- . TION GOMPANY. , . (PBZSS AWSOCUTIOK TlUtOBAlt,) ' " ' WELLINGTON,' March 6'. Called this afternoon "by the* liquidator» Mr Burdekj'n, a meeting of- creditors ,of the 11 Hansford Mills Construction- • Company, Limited, a i large firm-now in, liquidation, was held in the .conference hall of the. Dominion I Farmers' *:lnstitute. , The . meeting, | which was- a private one, was largely '' attended. " ' Mr .Burdekin outlined the position •to the creditors,* and in view •of the course which is being pursued with re- | Igard to) the affairs or the company, the meeting is understood ,to *.have adjourned" until a decision on several legal- points has been obtained from •the .Supreme .Court. - -<Jt was stated this evening that the Chief Justice has made a'fixture m order to deal with/the subjects referred to 'the Court. FROZEN MEAT. ■ ■ SMITHFIELD .PRICES. Dalgety and ..Company, Ltd, have received the following ceblepeto Jrorn' their London ''- ft iamb—Market weaker. |s ££»« m OK if oiK' flfttitorbury 634 North '.lslflOu od .. OanteS 6id North Islanded Jfc'SSS xS fit sis | d *Kew Zealand Beef—Market nominal. Pemend 'nil. Quotations:- ' xr.Z. T>rim© o* hiaM vj 6B Argentine chilled'iinds 4Jd, '<<rea SJd • New Zeeland' ■ Pork—Market . dull. • De- - - New Zealand porkers, :100-120lb - .. . 4Jd Australian • I>arob —Market - weaker. DemanA .limited. Qnotetfon?' 18-D6U)' 3rd fli(sllty Australian Motton—Market unchanged. Demand moderate, , ,o l(J * l 4O-801b, 2Jd 30-65Jb f.a.q. .2jo *• 214' * jfir ' >-SoUthdowtt'l«n^ premium. . j f f & * ' ■*