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...free list brick was made dutiable at $1.25 per 1,000. A tax of 8¢ per 100 Ib. was laid on cement. While fir, pine, spruce and hemlock were retained on the free list, other kinds of lumber were put under the tariff, with cedar shingles paying 25% ad valorem. The Oregon shingle industry asked for protection against Canadian imports. Chairman Hawley of the Ways & Means Committee, also of Oregon, saw that it got what it wanted. Quick came the claim that the farmer's new profits under the bill would be immediately absorbed by increased costs in building material...

Author: /time Magazine | Title: THE TARIFF: Bill Out | 5/20/1929 | See Source »

...Ad Valorem. The valuation of imports under the new bill cropped up as a controversial problem. There are two bases of valuation, foreign and U. S. By and large the new bill retains foreign valuation, i. e., the value the foreign producer sets upon his article, or the price for which he sells it in his own country. But cunningly woven into Administrative language is a new threat against foreign producers who undervalue their imports to cheat the U. S. tariff. If the U. S. appraiser is not satisfied with the foreign valuation placed on an article for import...

Author: /time Magazine | Title: THE TARIFF: Bill Out | 5/20/1929 | See Source »

...doors had seeped many a fact by which shrewd men in trade could profit. Such leaks, he cried, were "unfair . . . unjust . . . not right . . . wrong . . . indefensible!" Republicans calmly retorted that, if leaks there had been about the new tariff bill, they were "unintentional." Certain tariff facts loomed large in ad vance of the bill's presentation: Sugar. The prospect of a higher sugar duty brought to Washington agitated representatives of the Cuban producers. The proposal to limit the free entry of Philippine sugar to 500,000 tons per year accounted for the presence in Washington of Speaker Manuel Roxas...

Author: /time Magazine | Title: THE TARIFF: Sweet Leak | 4/29/1929 | See Source »

...Canal's construction was also etched and drawn ad infinitum by the late Joseph Pennell

Author: /time Magazine | Title: Art: West Point's Lies | 4/15/1929 | See Source »

...cars on the Continent. Citroen, leading continental mass-producer, cannot turn out a car that will undersell the Ford in France, though Fords cost 25,700 francs ($1,008), about double the American price. The cheapest Chevrolet model sells for 30,400 francs ($1,191). France's 45% ad valorem duty largely accounts for these prices. Even with this duty, it is estimated that General Motors' projected cheap car for the Opel Works could be sold in France at about 16,000 francs ($627). Thus the Opel-General Motors deal seriously threatens Ford in the French, as well...

Author: /time Magazine | Title: Business & Finance: Presidents at Wiesbaden | 3/25/1929 | See Source »

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