MILLIONS ON LUXURIES.
PURCHASES THAT AMERICA MAKES. New York, November 1(1. Customs returns show thai Americans spend some £10,000,000 annually jn Europe for diamonrls ami motor cars alone. When all other luxuries purchased abroad are taken into account it is estimated that Europe benefits from this source by about £."1,000.000 a yea r. Purchases of laces, edgings, ribbons, and embroideries amount to £8,000.000; natural and artificial feathers, £1.400,000; champagne, £l,:700'0[O. The aggregate of all similar items ten years ago was n little more than £10.000,000. The importation of diamonds amounted in 1800 to a little under £2000,000. There has been: o. steadv increase, and for the fiscal vear ended .June !I0 la 4 the total was i-.inre than £8,000,000. Sine,. January Ist last America has bought 1201 motor ears in Europe and paid £1.1.")0.000 for. them, in addition to £oOO,OUO duties.
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Taranaki Daily News, Volume XLVIII, Issue 81916, 16 January 1907, Page 4
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141MILLIONS ON LUXURIES. Taranaki Daily News, Volume XLVIII, Issue 81916, 16 January 1907, Page 4
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