CUSTOMS AND EXCHANGE.
ASSESSMENT OF THE DUTY. By Telegraph.—Press Association. ' Wellington, Last Night. With reference to the decision of Cabinet that imported gocd invoiced in foreign currency shall be assessed for duty according to either the par rate of exchange or the commercial rate, whichever affords relief to the importer, . at the discretion of the Minister, the position, a? classified by the secretary of the Wellington Chamber of Commerce at a meeting of the Council, is that the Customs Department has decided that in the case of imports from France, Belgium, and Italy the conversion rate of such invoices for Customs purposes shall be practically the current rate charged by the banks. So far as imports from the United States are concerned dollars will be converted into sterling at the parity value of the dollar, i.e., 4.86.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/TDN19200706.2.31
Bibliographic details
Ngā taipitopito pukapuka
Taranaki Daily News, 6 July 1920, Page 5
Word count
Tapeke kupu
137CUSTOMS AND EXCHANGE. Taranaki Daily News, 6 July 1920, Page 5
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in