New Caledonia Affected
p. 97 · Read in the full issue
By New Law in Pans
ANEW finance law passed by the French Parliament has caused comment at Noumea.
The law as at first proposed stipulated that any primary material indispensable to France and produced by a colony which benefits from a subvention, cannot
be touched by any new export tax or local tax without the approval of the Minister of Finance.
This was later modified by the qualification “all primary materials having undergone transformation.”
This, it seems, provides protection f o r the products of the Nickel Company in New Caledonia which are exported to France Local legislators regard the new provision as an infringement of their legislative rights.