Watch Industry Will
p. 135 · Read in the full issue
Boost American
Samoa's Economy
American Samoa's Governor H. Rex je left Pago Pago for Washington arly in June to negotiate with the /altham Watch Co., of Waltham, lassachusetts, for a watch assembly lant for American Samoa.
The territory's Daily Bulletin says le plant could "pour hundreds of lousands of dollars into the :onomy of the territory".
The Waltham company won a con act to assemble a quota of some 30,000 watches annually in American amoa under a bill recently approved / US Congress.
The other territories of the United fates —Guam and the Virgin Islands -have also been given quotas.
A tariff loophole permits such oods to enter the US duty free, pro ided modifications are performed in ie US territories.