SOUTHERN EXCHANGES
YESTERDAY'S SALES Press Association Christchurch. —Goldsbrough. Mort, 52s 7d. British Tobacco (cum diw). 48s 10c) (.three parcels): Victorian Nyanza Sugar, -1 6d; Commercial Bank of Australia, 2’Js od; New Zealand Breweries, 5Ss 3d (two parcels).
WHEAT IMPORTATIONS BIG TARIFF LEVY FOR 1928 (From Our Own Correspondent) WELLINGTON, Monday. A return showing the amount of "wheat imported last year and the duty paid on it under the sliding scale provided in the tariff passed in October, 1927, is now available. The two countries from which wheat was imported into the Dominion are Australia and Canada. From November 1, 11*27. to December 31. 1928. a total of 813,038 bushels of wheat, valued at £247,543, were imported from Australia. The duty amounted to £49,523. or an average of about Is 2id a bushel. From Canada during the same period, only 14.450 bushels, worth £4.524. were imported. The duty totalled £583, or nearly 93d a bushel. During the period under review the current domestic value «-.f Canadian wheat must have averaged about 6s a bushel, or about 6d a bushel higher than in Australia. 0
Under the 1921 tariff the duty on wheat : "hs 2s a cental, or about Is 2’d a bushel, j The 1927 tariff imposes a duty varying | with the current domestic value at the port of export. The basic rate is Id 3d j when the value is 5s 6d and the duty j is raised by id for every 5d or smaller j fraction of a penny reduction in the value j or reduced in corresponding proportion to i higher values. Nominally the cost of! " heat at the port of export wculd always j he 6s 9d, to which freight and other ■ liarges would be added, but merchants have complained that the Customs valuation is not always the purchase price, so that the duty is sometimes considerably increased. CHICAGO WHEAT MARKET ltt*'ralian and N.Z. Press Association) j flecd 11.23 a.m. CHICAGO, Monday. Wheat. — March. 1 dollar 24 J cents a bushel. May. I dollar 2Si cents; July, 1 1 dollar 21 Sent b.
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Sun (Auckland), Volume II, Issue 616, 19 March 1929, Page 12
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346SOUTHERN EXCHANGES Sun (Auckland), Volume II, Issue 616, 19 March 1929, Page 12
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