Blow At Copra
p. 42 · Read in the full issue
New American Tax
IN order to assist the lard and cotton-oil industries, the United States Govern ment proposes to tax coconut oil and sesame oil by £20 per ton. The tax is through the House of Representatives, but is being fought in the Senate.
If the tax operates, it will keep copra out of U.S.A., and between 400,000 and 500,000 tons of Philippines copra, which customarily goes annually to America, will be thrown upon the European mar ket.
EDITORIAL NOTE: The above was the posi tion, as reported from London on February 22.
On April 16, we telephoned the United States Consulate in Sydney and asked for later develop ments: but neither the Consulate nor the prin cipal Sydney firms handling copra knew what had been done with the proposed tax.