TERMS OF AGREEMENT

Rotorua Morning Post, Volume 1, Issue 209, 28 April 1932, Page 5

TERMS OF AGREEMENT

("Post" Special Commissioner)

RECIPROCAL ADVANTAGES ACCORDED BY EACH COUNTRY BENEFITS FOR NEW ZEALAND

WELLINGTON, Wednesday. Details of the trade agreement with Canada were announced in the House of Representatives to-night by the Hon. W. Downie Stewart, Minister of Customs. The agreement is being ratified concurrently by the Parliaments of both countries. • The agreement, which is to remain in force for one year, provides that New Zealand goods entering Canada are to obtain either the benefits of the Canadian British pereferential tariff or the advantage of lower rates than the British preference.. Lower duties are provided in the. agreement for several lines, the chief of which are fresh beef, veal, lamb and. mutton, on which the rate will be three cents instead of four cents per pound; frozen rabbits, free instead of 12J per cent; lard and stearine, free im stead of 1| cents; cheese one cent instead of three cents;. butter five cents instead of eight cents; h.ops six cents instead of eight cents, seed', peas and seed beans, free instead of.five per cent; fruit pulp, free instead of II cents; casein 121 per cent. instead of 17| per cent. plus two cents per pound; gelatine 121 per cent. instead of 17| per cent; blankets 221 per cent instead of 22! per cent plus 20 cents per pound, and travelling rugs 30 per cent instead of 30 per cent plus 25 cents per square foot. Ganada has also agreed to impose substantial duties on wool, hides, skins and pelts under the intermediate and general tariffs. New Zealand's Concessions On the other hand, the benefits of the New Zealand British preferential tariff have been accorded to Canadian goods, except in the following cases, where the duties are higher. Preserved peas 20 per cent or l!d per lb; plaster pulp sheets 35 per cent; cultivators and other agrieultural implements, which are 10 per cent from Great Britain are 35 per cent (surtax is however one-twentieth), electric cookers and heaters 30 per cent, motor vehicles containing 75 per cent Canadian content at British preferential rates; if "over 50 per cent Canadian content 10 per cent ad velorum extra. Increased duties under general tariff are imposed on preserved peas 45 per qent. or 2!d per lb, laths and shingles 30 per cent, rough sawn and dressed timber is increased 2/- per 100 feet.