Word: two
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Dates: during 1920-1929
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Little things can annoy a great President. Last week President Hoover was thoroughly vexed by two occurrences...
...direction of substituting U. S. Valuation for Foreign when it proposed that the President be authorized to shift tariff appraisals from foreign to domestic valuation when conditions warranted. Senate Finance Committee Republicans took their problem with them into executive session, wrestled with the evidence spread between the two valuation systems, pondered the merits of each...
Valuation. The tariff imposes two kinds of duties: 1) specific; 2) ad valorem, based on the value of the imported goods. The flat rate of 6? per lb. on fresh beef, is a specific duty. The rate of 40% on wire rope is an ad valorem duty. The first is fixed, regardless of price; the second varies with the value of the commodity. On many items the tariff is a combination of specific and ad valorem rates. (Example: violins, specific duty of $1.25 each, plus an ad valorem duty...
What Mr. Edgerton had in mind when he implied that the tariff rates were not so important as their administration was the two conflicting methods of valuing imports for customs purposes. One method, called Foreign, values an article at its fair sale price in the country of production, i.e., the price at which the importer buys it. The other method, called U. S., values an article at the U. S. sale price of a similar article. Illustration...
...unsettled are aviation insurance rates, two offers last week indicated. Both were for damages to houses caused by planes. American Insurance Co. of Newark, N. J., figured that $1.56 a year was sufficient premium for $2,500 insurance. Continental Insurance Co. of New York figured $3 the yearly premium for $2,500 insurance on property within one mile of an airport, $2.50 for property between one and five miles from airports, $2 for properties farther away...