(J. T. A. Mail Service)
The re-establishment of a separate Government Department of Industry would be impracticable, K. W. Stead, the Director of Customs, Trade and Excise to the Palestine Government, stated in the course of an interview to the “Palestine and Near East Emonomic Magazine.”
In introducing the new customs tariff, Mr. Stead continued, the Government aimed at a reduction in the prices of foodstuffs, such as flour, sugar, rice, cocoa, etc. The tariff was based on an exhaustive investigation carried on over a period of many years. At the same time, Mr. Stead added, the Government was prepared to take into consideration any reasonable suggestions by the parties concerned.
Mr. Stead reused to make any statement on the subject of the Palestine-Syrian Trade Agreement.
A new import tariff which substitutes the former ad valorem duty a specific duty in the case of many commodities promulgated in Palestine on November 4th, increased the duty on certain products manufactured in the country giving substantial protection in particular to the cement industry, oil products and such products as chocolates and sweets.
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