Agricultural relief: Export debenture plan

Export debenture plan (Pt. 5)

Bibliographic data

Multivolume work

Identifikator:: 1831932415

Document type:: Multivolume work

Title:: Agricultural relief

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1928

Collection:: Economics Books

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Volume

Identifikator:: 1831934671

URN:: urn:nbn:de:zbw-retromon-232129

Document type:: Volume

Title:: Export debenture plan

Volume count:: Pt. 5

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1928

Scope:: III S., S. 299 - 427

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: Statement of Albert S. Goss, Master Washington State grange and member Executive Committee, national grange, Seattle, Wash.

Collection:: Economics Books

344 AGRICULTURAL RELIEF Mr. Fort. I have been interested in that phase of this thing. Are you familiar with the action of Canada a year or so ago in increasing ts tariff on butter when Australia put a 4-cent tariff export on butter ¢ Mr. Goss. No; I am not, Mr. Fort. My. Forr. As I understand it, two years ago, when Australia gave a 4-cent export bounty of some kind on butter, Canada, although they were both parts of the British dominion, instantly increased the tariff on butter from Australia 4 cents, making it an adverse tariff. So that we really had a preference of 4 cents in the Canadian market over Agee Pues You have not considered that phase of it? r. Goss. No: ave not been familiar with what Canada has done. Mr. Aswerr. Mr. Goss, may I ask you a question ? Mr. Goss. Yes, Doctor Aswell. Mr. Aswerr. In Germany the debenture certificate is good for 90 days only, as you know. After 30 or 60 days its value is very low, relatively. Near the expiration of its existence the price is still lower. And bun would apply in this country. If they have it a a year, it would be relatively the same. Suppose I export 1,000 bales of cotton from New Orleans and that [ got 8 a bale. T would get a receipt for $10.000, would T not? r. Goss. Yes. Mr. AswerL. I would sell that receipt in the best ket : Would not the best market be mporters of dinmonds or of conse. that had a very high protective tariff; and would not the farmer on the things he purchases get very little or no value from my export receipt Would not I naturally turn to the importers of diamonds or Jace x ig or something like that? r. (Goss. o not see why you should, Doc s the importer of diamonds, if fe had a Aswell. because Mr. AsweLL. Would pay me more. Mr. Kincarrok. No; you would only get 22 cents for it. a ASWELL. At that time it will not be worth over 14 cents. oor Ir. Goss I think you have misunderstood this certificate of ex- DO en tres, Doctor Aswell. When vou have been issued the e— Mr. AsweLr. What I have i i S . . me from the beginning, So She a ea a Tht Tou fo make the debenture certificate apply to Ue things the farmer a to buy in the lowegaril brackets. . ELOE. It is supposed to reflect under this bill Mr. 18 8 s bill. i h Sowers hat Jo will lose Js value. Let me get this clear. be as great the last three months i was i. Fl Ce Td it Lo hee st. would 1t, becaus bars would not be as fh chance to use it? Mee limits the eli re Sowell, we have a provision in this bill which I will come to that section in a fo De I uti. vision there will alu Te 2 ew moments. And under that pro- there are debentures ay Le figs as much market for debentures as FOR eh 1 Corti ty of op ye at market. You are assuming that bales of cotton? $10. on the exportation of a thousand Doctor Aswrerr, Yes

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