Word: quota
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Dates: during 1930-1939
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...wanted arbitrarily to boost the export price of wheat 10%. Leaders of this faction were three great wheat-sellers: Canada, Australia and the U. S. Drought in those lands had reduced the wheat crop, already boosted the price. Last August's Conference had given them such adequate export quotas for the current year (Canada: 200,000,000 bu.; Australia: 105,000,000; the U. S.: 47,000,000) that they were willing to give up part of them. Opposed to the principle of dear wheat was Great Britain, a great wheat-buying nation. Argentina (quota...
...Aiming at Japan, Mr. Runciman announced last week that imports of foreign textile goods to Britain's Crown colonies would be limited henceforth to the average amount imported irom each country during the years 1927-31. While statisticians with slide rule and pencil last week figured out these quota restrictions, it was a fact that exports of Japanese cotton goods to all countries rose from 1,413,480.000 sq. yd. in 1927 to 2.090,228,000 sq. yd. in 1933 and surpassed the total British exports of cotton goods for the first time in history. Though tariffs on Japanese...
...Japanese were all brought up to believe Adam Smith and the Manchester School [of economics]. The fact that Britain has adopted a quota system, which is usually a device of countries unable to face competition, has made a certain impression on the Japanese who had been accustomed to regard Britain as a great trading nation...
...respect, however, last week's action made Filipinos already independent. Foreigners in the eyes of the U. S. immigration law, they were entitled to a quota of 50 emigrants to the U. S. per year. To grant immigration visas, a U. S. vice consul was appointed to Manila just as if it were any other foreign port. Named to the post was Henry B. Day (Yale '27) who until last week was Vice Consul in Hongkong...
Last week the Senate put its approval (49-to-18) on the House bill practically without change. Amendments to fix the Hawaiian quota at 975,000 tons and the Puerto Rican quota at 875,000 were defeated. Only the beet sugar industry was favored over the President's proposal...