Indianapolis Times, Indianapolis, Marion County, 18 November 1938 — Page 12

nglo-American Accor

Concessions Made by Both Sides, U. S. Reveals

English Remove Wheat ~ Duty; Canada Lowers Rate on Live Hogs.

. WASHINGTON, Nov. 18 (U. P).

| —Details of major concessions made | i

by the United States, the United Kingdom and Canada in the new reciprocal trade treaties, effective Jan. 1, follow: UNITED KINGDOM-UNITED STATES AGREEMENT. British Concessions on American Products.

GRAINS—Wheat, present duty of | &

6 cents a bushel ‘removed. Corn, now duty-free, guaranteed against imposition of duties. Duty on rice

reduced from about 2 cents to about | {§

1% cents per pound. ~ MEAT AND RELATED PRODUCTS—10 per cent duty on lard removed. The American quota of hams, already on the free list, guaranteed not to fall below a minimum of fifty-six million pounds, compared with quota ranging from forty-seven million to forty-nine million pounds in 1935-37 period. AUTOMOBILES—Agreement not to increase present duty of 33% per cent on those of 25-horsepower or upward. | TOBACCO—Agreement not to increase present Empire preference on unmanufactured tobacco by approximately 50 cents per pound. | .COTTON—To remain duty free, , ~APPLES—Duty on apples reduced ° one-third. ‘Britain absorbs 40 per cent of apples exported. PEARS—Duty reduced one-third between August and January, the marketing season. No increase in duty on canned pears. CANNED PEACHES AND APRICOTS—Bound against duty increases. CANNED GRAPEFRUTT—Aboli- - tion of the present 15 per cent duty. CANNED PINEAPPLES—Duty reduced 2 per cent.

Sir Ronald Lindsay, British Ambassador to Washington, who signed the trade agreement for his nation.

list, and 3 per cent excise tax removed. FRESH FRUITS AND VEGETABLES—Reduction in rates, removal of 3 per cent excise tax. POTATOES—AIll types admitted free. DRIED AND CANNED FRUITS AND VEGETABLES — Duties cut ranging from 15 to 50 per cent. HOGS AND PORK—Rate on live hogs lowered to 1 eent per pound; reduces 1936 rate of 2.5 cents per pound to 1.25 cents on fresh

| pork.

POULTRY AND EGGS—17.3 per cent ad valorem duty reduced to 15 per cent on poultry, and from 10 to 5 cents per dozen on eggs. GRAIN AND GRAIN PRODUCTS—20 cent per bushel rate on corn reduced to 10 cents. Duties also reduced on barley, oats and other

CANNED ASPARAGUS AND grains

CORN—Duty reduced 50 per cent. “ OYSTERS, CHILLED OR FROZEN SALMON—Duty reduced 50 per cent; canned salmon guaranteed against increase. oO

WHISKEY, GIN AND RUM—

Present rate of $2.50 per proof gallon bound against increase. Im- - ports of spirits in 1937 totaled $54,651,000, of which $32,800,000 were ‘from Britain. COTTON MANUFACTURERS— Duties reduced on 40 classifications. | Reductions range from one-fifth of | 1 per cent to 7 per cent ad valorem. On cotton cloth, reductions range from 20 to 48 per cent. FLAX, HEMP, JUTE AND MANUFACTURES THEREOF—Duty reductions range from 18 to 42 per cent. LINOLEUM—Duty reduced about 25 per cent. WOOLEN FABRICS (chiefly men’s suitings)—Duties reduced from 10 to 25 per cent. WOOL HOSIERY —ZA ty reduced about 15 3 25 per gent. 7” OUTERWEAR—

Duty educed. J&bout 10 per cent.

rez from 15 to 73% per cent. WHIDE SOLES—Ad valorem ate reduced from 12% to 10 per ~ cent. THE CANADIAN-UNITED

STATES AGREEMENT

Canadian concessions on Amer- - ican products. RAW. COTTON—Bound on free

PULP, PAPER AND PRINTED MATTER—3 per cent excise tax removed and duty reduced in some cases. PRIMARY METAL PRODUCTS —Rate of $4.50 reduced to $4 per ton on blooms, billets, sheet bars, etc., of iron and steel. WOOD AND WOOD MANUFAC-

| TURES—Dressed lumber reduced

from 20 to 10 per cent; hardwood flooring reduced from 20 to 17% per cent; plywood reduced from 30 to 2214 per ‘cent. COTTON FABRICS—Base rate of 3% cents per pound plus 27% per cent bound against increase, if cost is less than 50 cents per pound, 3 per cent tax being removed; on denims for manufacture of garments rate becomes 3 cents plus 20 per cent; on fabrics worth 50 to 80 cents per pound, rate lowered to 3 cents plus 25 per cent and on those. worth over 80 cents per pound, 3 cents plus 20 per cent. " COAL, COKE AND RELATED PRODUCTS—In effect, a 3 per cent tax removed and other rates bound against _increase. BOOTS AND SHOES—Rate reduced from 35 to 30 per cent, and miscellaneous leather manufactures reduced from 28 to 25 per cent. RUBBER TIRES—Rate reduced from 30 to 25 per cent. MOTION PICTURE FILMS— Duty on positive films cut from 3 to 2% per cent per linear foot.

United Stafey Concessions on Canadian Products LIVE AND MEATS— Duty on live cattle weighing 700 pounds or more per head reduced from 2 to 1% cents per pound, and «(quota increased from 156,000 to

225,000 head. Number entering at

reduced rate at one quarter of the year limited to 60,000. LIVE HOGS AND FRESH AND CHILLED PORK--Duties. reduced 50 per cent; duties on certain cured

- |pork reduced’ from 3% to 2 cents

per pound. DAIRY AND POULTRY PRODUCTS—Duty on cream cut from 35 to 28.3 cents per gallon; rate on whole milk cut from 6% to 3% cents on a quantity not exceeding three million gallons. GRAINS—Duty on barley lowered from 20 to 15 cents per bushel, on

(rye from 15 to 12, on oats from 16

to 8 and comparable reductions on buckwheat and buckwheat flour, cereal breakfast foods, oatmeal and brewers’ grain. POTATOES—Seed potato duties lowered from 45 cents per 100 pounds to 37':2 cents, and quota

{raised from 750,000 to 1,500,000

bushels. Table potatoes cyt from 75 to 37% cents on quantity not exceeding one ' million bushels yearly. SILVER FOX FURS—Rates cut from 50 to 37% per cent and valorem. MAPLE SUGAR SYRUP&—Rate on maple sugar lowered to 3 cents from 4 cents per pound, and on syrup from 4 to 2 cents per pound.

OFFERS TO SELL EYE T0 EDUCATE FAMILY

Steel Worker. Wants Five Children to Be Happy.

KANSAS CITY, Mo., Nov. (U. P.)—John R. Galatis, 36-year-‘old steel worker, said today he never |g would be able to give his five children the education and opportunities they deserve and he, therefore, offers to sell one of his eyes for $10,000. Mr. Galatis said he would use the money to pay off a mortgage no his five-room house in Fairmount, a suburb, and establish a trust fund for the education of his children— Jacqueline, 11; Lillian, 9; Ralph, 7; Vivian, 4, and Thelma, 16 months. “I'd do anything on earth for them,” Mr. Galatis explained. “I realize I'm poor—too poor to ever give them a break in life, ever to give them a nice home. - That's why I want to sell one of my eyes. I can do my work with one eye.” Mr. Galatis’ offer was made in a letter to the Kansas City Journal. He said he didn’t have the money

18.

Commun Interests Bound Closer Now, Say - Newspapers. -

LONDON, Nov. 18 (U.P.).—The British press lauded the new AngloAmerican trade agreement today and emphasized its political -implications as proof of the solidarity of the. two English-speaking nations. ‘ Here: and there was a critical note, but as a whole, the press unanimously approved the agreement not only as an instrument for expanding world trade, but as containing politices significance other nations could not overlook. “There never has been ag time,” The News Chronicle said, “when close co-operation of the two great 000 | English-speaking democracies: was more essential from ‘every viewpoint. The ‘treaty ‘is confined to trade, but mutual trade encourages. mutual ‘interests and begets mutual understanding. “We hope and believe that the agreement will mark the beginning of a new era of prosperity and good will in Anglo-American relations and at the same time help strengthen the hold of democracy and freedom in both the Old World “land the New.”

“Genuine Spirit Manifest”

The Daily Telegraph, which {is close to the Government, said the pact “first and foremost is an outward and visible expression of solidarity between the two great Eng-lish-speaking nations. “At the same time it binds them closer together by the enhanced common interests of mutually expanding trade. The agreement manifests a genuine spirit of reciprocal concession on both sides sof wide field. “There can be no doubt that the agreement is by far the most powerful assault yet on the tremendous barriers: against international trade erected ‘during the depression.” The Daily Mail said that “strong criticism naturally will be direcied against many aspects of the agreement. Attention will be drawn to our adverse balance with the United States. There will be no welcome for the agreement from those British trades which will be faced with additional American competition. “But we must not lose sight of the wood for the trees. Taking a large view, the pact. will be. of enormous ' mutual assistance . and Britain. would “have ‘everything. to gain by extending such arrangements to other big trading nations.” “The agreement,” The Financial Times said, “seems balanced and

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equitable . . . evidently it is the greatest triumph of economic libmany years. The achievement has no little histori moment. The Financial News’ said that’ n “a world on which the doors of a madhouse seemed to be closing, the agreement marks a substantial throwback towards sanity. The agreement is a standing testimony to the efficacy of human determina-| tion, aided by the . Anglo-Saxon genius. to compromise.” The Times said the pact “should prove worth all the time and trouble spent upon it. . . . The inclusion of the colonies and active co-opera-« tion of the Dominion and Indian Governments in all discussions give the agreement the character of joint effort by the United States and the whole British Commonwealth to promote revival of world:

trade.” A U. S. Trade Put Third ;

The Daily Express criticized the pact as a “good agreement with s

{bad background” meaning the most-

favored-nation clause. It advocated what was described as a “policy of economic common sense: Buying from (1) the home producer, (2) the Crown colonies and Dominions, (3) the United States, “the great Anglo-Saxon nation which should be closest in economi¢

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“After that the Test of thé world with special discrimination against countries which don’t give us advantages we heap on them. Above all against such as the Danes and Argentines, who sell us far more than they buy from us.” The Daily Herald said Britain and

{the United Sta

had taken a “real step towards freer trade. Not a very 'big step but bigger than might have been expected and in ‘the right direction. “In a world rapidly descending the path of narrow nationalism the: two great democratic powers had -| courage and vision to turn back.

reversal of the policy of economic ‘nationalism and imperialism so fatefully introduced by Chamberlain and his colleagues in 1932, . “Even now: the United ‘Stafes seems to have made braver corcessions. Itscutsin the duty of British textile and other manufactured imports will certainly raise a howl of protest against Roosevelt from American vested Interests.

Canadian ‘Commons May Oppose Treaty OTTAWA, Ont.,'Nov. 18 (U. P).— The new American-Canadian trade treaty will meet opposition in the House of Commons when that body is called upon to ratify it in JanuGovernment sources predicted ay. Objections were based primarily

'{on the fact that Canada surrenders,

under the treaty, many advantages in the British market which are permanent, in return for concessions in‘ the United States market for a three-year period. 2 ‘The. 6-cents per bushel preference on wheat shipped from Canadian ports to other British ports, which Canada surrendered under the new treaty, also was expected to arouse opposition.

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