TRADE AGREEMENT

Hokitika Guardian, 29 April 1933, Page 5

TRADE AGREEMENT

ANGLO - ARGENTINE SALIENT POINTS OUTLINED United Press Association—By Electric Telegraph—Copyright.) ■ LONDON, April 28. • The ‘-Daily Telegraph” understands 'that the main points of the A! iglo-Airgentine tra-d e agreement are as follows :—- The Argentine is to float ia lean of ten millions sterling a.fc London for the purpose of releasing British deposits that ar e frozen -in th 0 Argentine as the- result of the exchange restrictions. Secondly, there is to be a reduction i-r. th e Argentine duties on 280 ?terns of British imports, including motor vehicles, agricultural machinery, . and textiles-

■fin -return for this, the Argentine w\<! secure in Britain stable markets for its chilled meat .and frozen meat, j subject to the interests of the Dominj ions and to the maintenance of the r price level. The agreement Will operate- for three years. ANGLO-GERMAN AGREEMENT. COMMONS VOTE ON MONDAY. RUGBY, Afpril 27. A white paper issued to-night, gives the terms of an Anglo-Gera.m I commercial relations agreement, on which the House of Commons will vote on Monday. The United Kingdom undertakes that German articles in the schedule attached will not be subjected to duties higher than thos e specified, in return for which Germany will secure, first, that licenses will bo issuer for the importation of not less than •180,000 tons of British coal monthly; .secondly, .if the total coal, coal bri.quette s and coke consumption in Germany exceeds by one per cent. 7,500,000 tons in any month, licenses shall be issued during the following month for the importation from Britain of an equivalent percentage over 180,000; -tons. The schedule of German goods and maximum diftjes specified contains toys, 15 per cent. ■ certain musi-ca-1 instruments, including pianos, £0 per cent.; cheap clocks, -25 per cent. ; varieties of cheap jewellery, 25 per cent. ; . domestic hollowware, 20 per oerft. ; safety razor -blades, 20 per cent.; plus Is per gross. NF/V ZEALAND AND AUSTRALIA PROVISION AL AGREEMENT. WELLINGTON, April 28. Cabinet hub' had under consideration the provisional agreement entered Into on April 6th Yi’ith Senator Greene, and sstended congratulations to Mr O oa te» and Mr Masters, who negotiated the agreement 'with the Australian delegation-. “It is believed,” eaid Mr Forbes, this evening, “that the discussions | and the agreement -reached will have the effect of removing many misunderstandings, and of improving trade between the two countries to the mutual benefit of both. The provisional agreement has been approved by the Government, but it -cannot bo brought int-o force until it is ratified by Parliaments,

“As /th e New Zealand Parliament will not meet ifor some month, trade between the two countries mmst In the meantime be carried -subject .the ,(agreement. Negotiations aie continuing /respecting certain questions, including the embargoes on potatoes and fresh fruit of Australia and New Zealand respectively.”