THE NEW TARIFF

Hokitika Guardian, 23 January 1932, Page 5

THE NEW TARIFF

CONSERVATIVES OBSTINATE REFUSE TO GIVE IN. United Press Association —By Electric Telegraph.—Copyright. ) LONDON, January 22. The Daily 'Telegraph states; Until recently, it was believed that cord Snowden would subordinate Jus views to those of his co.leagues, but his attitude has stihoncd. 'lues it is that 11113 difficulties have arisen, 'liie Consent atives' view is that they cannot .surrender the policy of a tariif w.ineli was frankly advocated at the election when the majority in its lavour was an overwhelming one. FEAR FOR DOMINIONS. MARKETS MAY BE LOST. LONDON, January 21. Sir A. Durham, addressing tho Federation of British Industries, indicated the possibility of the Dominions becoming nationalised and selfcontained, devolving individual units with higher tariff barriers, checking inter-imperial trade. The Dominions and Britain, lie said could not remain great forces except as components of the Empire, putting the Empire first, not a Canada for Canadians, or Australia for Australians first. The next Imperial Conference would eclipse its predecessors, and show tho world tho way to return i-u commercial and industrial sanity,

CABINET’S BUSY TIME

RUGBY,, January 22.

Owing to the extreme pressure of Cabinet work, the iPrime Minister has regretfully declined an invitation from M. Laval, Prime Minister of France, to visit Paris during the • week-end. The necessity of consultation with his colleagues on many important questions of policy makes Mr MacDonald’s presence at London essential at the present time. The same reason will prevent Sir John Simon (Foreign Secretary) from proceeding to Geneva for the opening meeting of the League of Nations Council

THE BUTTER INDUSTRY. LONDON, January 21

Regarding the butter question, although the Tooley Street importers expect that butter prices will fall in consequence of the increased German duties, the market has strongly advanced by two shillings per hundredweight. The Empire Dairies, who are large dealers in Australian ■ and New Zealand butter, have stated that cheaper duties may reverse the position, since New Zealand is charged eighty-six shillings per hundred kilogrammes, compared with 170 kilogrammes on Australian, Denmark is making strong representations. Tooley Street hopes that tho German duties may be modified as the result thereof. POSITION IN THE, DOMINION. WELLINGTON, January 22. Until the details of Germany’s tariff changes aire announced the butter traders are uncertain bow they will affect the market for Australian and New Zealand butter. The general opinon is that the result will not be serious. Germany’s imports of butter from Britain during 1931, consisted mostly of Australian and New Zealand butter, with a small quantity from the Argentine, while they only totalled 09.602 hundredweight. ft is not thought likely that the Danish butter imports to Britain, will be much’ increased as a result of the changes. In the meantime the market is inactive. Buyers are awaiting developments. Australian and New Zealand show a decline of about 2s to 3s per hundredweight. FRENCH CREDIT. WILL NOT BE RENEWED. LONDON, January 22. - The “Financial News” says that any suggestion that the Bank of England may renew part of the remaining French Credit. amounting to thirty millions, is discredited in London hanking circle's, where it is taken for granted that the whole amount will he repaid by January 3lst. G ERMAN Y CA 0 S I NG CC) XG ER N . FLOODING OT BRITISH MARKET. (Received DU* 'Dv .at 9.25 n ml LONDON, January 22.

The Empire Dairy Council stales that Germany's proposal 'to double the butt r farin' is causing gravest concern to Empire dairymen. The butter rejected by Germany is sun l to he diverted to tli ■ unsheltered British market. Mr Davis, .Manager of the New Zealand Produce Board, exp losses Die opinion that tin* Gorman tnrill wiil probably cause half a million hundredv.eight of luiUor to In* thrown into the already saturated British market during the coming veilr. .'lr .Simpleton, the Brjtish Dairy farmers' As iociation representative, stales, “A tariff of three pence p**r pound on I-aeign lug lev is mg ally necessary if v.e wan t.i .-eve -a:: Empire d. iiy it il list I V Ir* a * * i *• i - " ~\ (-Hillin' tl i' 1111* slates that lack '• I Cabinet. 11l 1 11 i 1 11 11 V nude s il impossible 1,, adopt Ihe siih-coimuil tec's recommenda I, ons on the tarilL G.diinei is nu11 ft used with the par; nun Hup"i J lanee ~f maintaining national unity, and de ,-ided that Ministers were unable to support the majority ol Ihe r roLeagncx rum. In Aon on tile import duties.