MOTOR INDUSTRY.
TARIFF PREVENTS DEVELOPMENT. I By Telegraph.—Press Assn.—Copyright. Melbourne, June Id. I The Wolseley Motors, Ltd., otherwise known as Vickers. Ltd., have abandoned the proposal to erect an assembling factory in Melbourne capable of turning out 1000 cars annually, because they were unable to submit to the Customs Department’s demand to provide a guarantee of £lO,OOO that the component parts should be assembled into cars and not sold for repair work, in which case the duty imposed would be equal to the rates fixed for chassis. The difficulties arose in respect to the values of the component parts, the firm contending the values of material at the time of importation should be 20 per cent, less than that of the engine assembled in England. The Customs imposes heavy duties on motor parts in order to protect the industry established during the war, when it was difficult to obtain spare parts overseas.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/TDN19220619.2.44
Bibliographic details
Ngā taipitopito pukapuka
Taranaki Daily News, 19 June 1922, Page 5
Word count
Tapeke kupu
152MOTOR INDUSTRY. Taranaki Daily News, 19 June 1922, 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