Word: valorem
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...Because the budget debate had not been completed with the last session (TIME, May 11, 18, June 8), the House went into committee on the budget. Premier Baldwin announced that the Government had decided to impose a 33 1/3% ad valorem duty on imported lace. A motion to that effect was accordingly introduced. Miss Ellen Wilkinson, Laborite, asked whether the Government had conceived a grudge against women. "First it was silk, now it is lace." The motion was carried...
American automobiles were in bond awaiting the expiration of the 33 ⅓% ad valorem duty imposed in 1915 as a war measure by Chancellor of the Exchequer Reginald McKenna. British manufacturers were gloomy at the prospect of having to compete on an equal footing with Americans. Great loss of business was envisaged. The decision to repeal the duties was contained in Chancellor of the Exchequer Philip Snowden's budget (TIME...
Last week the Imperial Diet passed a Government Bill raising the tariff on 250 luxury-articles by an additional 100% ad valorem duty...
...bran and other by-products of milling, 7½% ad valorem (present rate 15%; limits under the law, 7½%-22½%). The new tariffs will go in effect after April...
...first measure provides: 1) a 5% ad valorem tax on all dutiable products and a 2½% tax on all duty-free products entering American ports in foreign bottoms; 2) a toll charge on all ships entering American ports, 6¢ a ton on ships of American registry and 50¢ a ton on foreign built ships under foreign registry; 3) termination of all treaties in any way interfering with these measures...