A WARNING

Hokitika Guardian, 13 June 1930, Page 3

A WARNING

TO N.Z. IMPORTERS,

CUSTOMS DUTY INCREASE

By Telegraph —Per Press Association

WELLINGTON. June .12. The Prime Aiiiii.slor 111.uk' tliu l'oiiowuig statement to-day Tegaiaiug puMiile increases of taxation, particularly as aborting the revenue received through llie Customs tai'ilt. "It lias come to the knowledge oi tlie Government,” said .Mr Forties, “that many comipercial lirms and others' engaged in trade in the Dominion are anticipating increasing the rates of Customs duties on the articles hi which they are interested. As f publicly intimated recently, ,the Government are faced with, the necessity during the resent linaneiaD year, of raising extra revenue 'in order to balance the national Budget, hut,,so 1 ar, we have not come to any decision m (Mail as to the method by which tins

additional revenue is to ; he derived The proposals of the Government in this respect will be submitted to Parliament for consideration in due course. Having regard to the present financial exigencies of tlie country, 11 wouhl lie extremely' incohyenient if the merchants forestalled tlie floveriiment. by making extensive cfesiranees, ot goods front bond, and' thus ' possibly iroi'h'd any iiu-rnase in tin? rat-s w^y;- 1 ' Parliament ni’ght impose. I desire to sav, thn-efore, that in connection with any increav s 111 the rates of Customs duties which may lie approved bv

' nt, the Government will seri ■'is'v consider making s.ucli increase*? duties retr-spective if, they are satisfud .that, abnormal clearances-, of the goods r/Tected have heeii made in an- • tion of Parliamentary action.”