NEW TARIFF
EFFECTS OF THE CHECK
(Australian Press Association.)
SYDNEY, April i.
The large manufacturers here are of the opinion that the new tariff will result in lower prices -for all of the goods that are thereby protected. One firm of implement makers -lias already announced a five per cent reduction in the price of farming and agricultural m ach i n orv. Usually a sensitive . barometer to any change in the commercial and financial outlook, the Sydney , Stock Exchange gave no appreciable reaction to-day to the new restrictive tariff schedule.
IMPORTERS’ COAIPLAINT.
SYDNEY, April 4
Many importers who placed orders overseas months ago for winter delivery have been placed in a most embarrassing position by the tariff changes. The view is held that the Government will have to resort to. direct taxation to compensate for loss of revenue as a result of the curtailment of imports.
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Hokitika Guardian, 5 April 1930, Page 5
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147NEW TARIFF Hokitika Guardian, 5 April 1930, Page 5
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