IRISH DUTIES

Hokitika Guardian, 27 July 1932, Page 5

IRISH DUTIES

FARMERS’ LOANS UNEASINESS OVER POSITION. (United/Pfess Association—By Electric •' Telegraph—Copyright.) - DUBJfTN, July 26. Among problems which the promulgation of the new duties, renders aoutr 'is a possibility that a large amount ' bf- capital will be-- withdrawn from the Free State.'' Already the e is uneasiness regarding loans for farmers. Any ■sodden and heavy withdrawal of cap t- ■ ad. would mean that farmers would be •called upon to repay borrowing? at a time when it would be impossible to do. so. Mr de Valera would then lie forced to. withdraw Saourlties that, now are in the Bank of England, or else to control the ‘ exchanges and to impose restrictions on* financial operations. ; GOAL LOSS TO BRITAIN. , KPXORT TRADE DWINDLING. ‘ ..V ■ DUBLIN, . July 26. r Tlie Free State .Government assures the Irish people that, icoa.l equal to the -bajit. imported British article is obtain.able on the Continent; L . . , 'iiyyvTbe.Qovwnment- wiT dtiai with any uajustliiable. increase ill the coal price ■ in the Free State. 1 .•; : I»a»t. year Britain's fourth largest coal. customer was Ireland. Sirs' imported 2,424,699 tons, which were valu- . ed &t .■£2,368,438. This : represents the output of eight thoufiand British minors,. ; . ~ . 1 <• Coal, will inevitably •■be d'aijer for the Free State, with an effect upon in- , diistry and, in; ,the co.it of living. The j .immediate position at Irish ports js serious, outward trada having dw’ndled to yaniishing point. There will be dismissals at the week-end from every bacon factory in Southern Ireland. DUTIES MODERATE. ; ".7 . London, July 26. ' The “Times’s” correspondent at « Dublin, says: “Mr de Valera’s re- i taliatory taxes are far less serious than , ha,d' been anticipated. The moist * serious .one is the coal duty. It is 'l gflfierdiy. believed that Mr de Valera \ ■ dill- go fufther until lie finds how the < public feOeive® these duties. The MinKstera'; are touring the. constituencies 1 during thq week-end to' sound public i feeing.” . • , • < - ■ r -—-- ’ i *' ( • ADDITIONAL BRITISH DUTIES. i ' .-/'rpw... .. ~ ■■>,: •■■•,■ V <- RUQBY, Juljr 25. I THeH additional Import duty order 'c the*.Treasury issued on the, re-$ tofhmendatioli; bf the Import buries I' f. ’ Advl&ofiy Coliihiittefe, on fofeigri pota- a tbcii, . ilUttotted . into ■ will be « from midnight on, Wed- t ii««dny, with » duty of &\ n ton. In I regrtfd • to new potatoes Imported he. fweeii Novetebfrr 1. and June 30, the duty will be 4s 8d a hundredweight. These rates’ are inclusive of the exigtingi' general duty of 10 per cent. ( ‘ The Advisory Committee null short- e ly submit a report dealing with horti-, t Cultural products * generally. They a made the recommendation regarding h

potatoes in advance- of this n port, owing to the . recent abnormal importations'of potatoes affecting the British growers. EFFECT UPON BRITAIN. (Received this da? at 9.21 V a.mV ' ; LONDON, July 26. Steel interests declare that, the Irish duties are unlikely to create a real hardship because of the {insufficient exports. Cement and. electrical industries are seriously hit, while sugar merchants say that tha duties„;;wj,ll. .kill the English sugar ' trade. wi/h , j .