Word: valorem
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...flexibility clause, interested parties have caused 12 revisions since the bill passed, have had 181 applications turned down. A turndown last week was given to Brooks Bros., old-time Manhattan haberdashery, which had asked reduction in the duty on top and opera hats, now at 75% ad valorem plus $2 against the old rate...
...President Hoover last week began to flex "injustices and inequalities" out of the Hawley-Smoot Tariff Act. On the recommendations of his new Tariff Commission he cut the rates on woodflour (33¼"% to 25% ad valorem), pigskin leather (25% to 15%), straw hats ($4 per doz. plus 60% to $3 per doz. plus 50%), maple sugar (8? to 6? per lb.). Upped were the rates on woven wire fencing and netting (45% to 50% and 60%). Explanation of the Commission's celerity in investigating these rate cases was its use of foreign invoice values on imports...
...other diplomatic folk can import their luxuries duty free). With admirable tact Mr. Arnold pointed out that China has only recently come to the end of a period of customs tutelage by the Great Powers. For some 80 years they held her down to a general ad valorem duty of only 5%. Now that the young Nationalist Government has squirmed out from under this galling yoke, China might reasonably be expected to do much worse than she did last week - especially as in Oriental lands taxation is usually based upon no other consideration than what the traffic will bear...
...political neophyte and William Henry ("Alfalfa Bill"; Murray, onetime Congressman-at-large and president of the State's Constitutional Convention. Candidate Murray, sometimes known also as the "Tribune of Tishomingo," played on popular resentment against depressed economic conditions, dazzled cross-roads voters with a promise to eliminate ad valorem taxation and substitute for it a graduated tax on gross incomes to get money from "the corporate interests (oil and gas companies) now leeching the commonwealth." He made a hitchhiking campaign throughout the state as "The Poor Man's Friend," promised rain, a "Howdy" sign on the Governor...
...percentages-ad valorem) Anvils...