TRADE AGREEMENT

Hokitika Guardian, 28 April 1933, Page 5

TRADE AGREEMENT

WITH DENMARK BRITAIN’S THREE YEAR TREATY (United Press Association—By Electric Teiegraph—Copyright.; LOiN DON, April 27. . Britain lias concluded a trade agreement with. Denmark under which Denmar it has been g uaranteed that, in any compulsory scheme, her quota of British imports of bacon, outcer, eggs and iisli, will not- be less than 62 per cent, of the total.

foreign supplies have also (been guaranteed certain minimum quotas, n restrictions are imposed on imports of butter, eggs and fish. The treaty operates for three years. r llie Danish butter imports into Britain are fixed at two million threo hundred thousand hundredweights per annum, which is appreciably below last year, and the 15 per cent duty remains. Each country undertakes that the import dutie s on certain classes of goods, in which the other i s interested, will not be raised above the specified rates, which in most cases are the existing rates. The United Kingdom undertakes import duty oh certain goods, Bacon and hams are to be kept free from import duty. The existing rate is not to be exceeded with regard to butter, eggs, tinned cream, and certain other goods.

Tariff reductions are conceded by Denmark on certain classes of goods including printed cotton piece goods, certain unbleached piece goods, certain piece goods of certified silk mixed with cotton or wool, carpeting piece goods, etc. An alteration i s being made in the basis whereon import duties are levied on motor cars. Denmark agrees to maintain freedom from import duty on coal, coke, iron, steei, and certain other goods, and Denmark’s undertaking not to increase import duties applies to a wide range of goods, including certain textiles, linoleum, motor-cycles, whisky .and gin.

If the Danish market is flooded with cheap textiles from other countries, the two will discus s proposals for the purpose of preserving or restoring the economic level of prices. No less than 80 per cent, of Denmark’s imports of coal, representing an increase of 1.500,000 tons annually, will he obtained from Britain, whose proportion of Denmark's coke imports, approximately per cent., will be maintained. A substantial increase in Denmark’s purchase of "United Kingdom iron and steel is anXo chang e is being made before July, 1935. "WE HAVE BEEN BETRAYED.” (Received this tjav at 9.45 n.m.l ■LONDON’, 4pvil 27. Lord Beaverbrook states that the Danish agreement is wicked. “Supporters of the Empire policy put the Government 5n power, but we .have been betrayed, and s°hl to foreigners.”