The Foreign Trade of Latin America : a Report On the Trade of Latin America With Special Reference to Trade With the United States .. Pt.2, Section 7 (Paraguay)
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The increases in rates were to take the form of an adjustment of the proportion of duties which must be paid on the basis of the "gold" peso; that is, the equivalent of gold in terms of Paraguayan paper pesos. Authority was also given to require payment of that propor- tion in foreign cvirrencies. The Executive accordingly decreed on October 29, 1935, that 30 percent of the duties on most products, and 100 percent on gasoline, should be paid in "gold" or its equiv- alent in Argentine paper peso...s «i=' This resulted In a general incri^ase in duties, since Argentine paper pesos must be bought at open-aarket rates, and these were much higher than the official rate previously governing conversions.
By virtiie of continiied authorization to adjust the proportion of duties payable on the "gold" basis, the Executive raised that propor- tion to 40 percent on August 6, 1938, and to 50 percent effective August 1, 1939. The duties on gasoline (and since Febrtiary 1937 on kerosene) remained convertible 100 percent at the openwnarket rate.
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To quickly assess the difficulty of the text, read a short excerpt:
The increases in rates were to take the form of an adjustment of the proportion of duties which must be paid on the basis of the "gold" peso; that is, the equivalent of gold in terms of Paraguayan paper pesos. Authority was also given to require payment of that propor- tion in foreign cvirrencies. The Executive accordingly decreed on October 29, 1935, that 30 percent of the duties on most products, and 100 percent on gasoline, should be paid in "gold" or its equiv- alent in Argentine paper peso...s «i=' This resulted In a general incri^ase in duties, since Argentine paper pesos must be bought at open-aarket rates, and these were much higher than the official rate previously governing conversions.
By virtiie of continiied authorization to adjust the proportion of duties payable on the "gold" basis, the Executive raised that propor- tion to 40 percent on August 6, 1938, and to 50 percent effective August 1, 1939. The duties on gasoline (and since Febrtiary 1937 on kerosene) remained convertible 100 percent at the openwnarket rate.
What to read after The Foreign Trade of Latin America : a Report On the Trade of Latin America With Special Reference to Trade With the United States .. Pt.2, Section 7 (Paraguay)?
You can find similar books in the "Read Also" column, or choose other free books by Commission United States Tariff to read onlineMoreLess
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