French Tariff On Soaps
p. 11 · Read in the full issue
From Our Own Correspondent.
Papeete, May 17.
The “Journal Officiel” of the Colony for May 1 contains details of the new tariff on foreign soap, vegetable and animal oils and fats, and similar substances des tined for use in local manufactures which come into competition with French goods.
There is a general increase in the duties applicable to all imports which come under the above categories, while the amount payable on foreign laundry soap has been increased from 6 francs per 100 kilos to 75 francs per 100 kilos. Presumably, the new scale of duties is intended to benefit the local soap factories, of which there are several in Tahiti. Already, the retail sell ing price of New Zealand soap has ad vanced by about 10 per cent.
An interim dividend of 6d per share (equal to 10 per cent per annum) for the quarter ended March 31 was declared payable by Messrs. Holden’s Air Trans port Co. on June 4. The transfer books of the Company were closed from June 2 to June 4 inclusive.