Evening Star Newspaper, October 14, 1929, Page 31

. THE EVENING STAR, WASHINGTON; D. C, MONDAY, OCTOBER 14, 1929. : 31 | profits and, as the yen improves, it is | “If the value of the yen rises sud-|bureau of the finance ministry, in an|The ministry of commerce and indus- Detroit yesterday afterncon. C. W. Kel, 'hree Dead i reck. o only natural that the unexpected profits | denlv, thos: industries wylfil suffer and, | interview, said that the scope of the|try contends that it not only raises a AIR PASSENGER K“'LED' 19 years old, of Detroit was the pas- T d in Car W should go out of existence. What we |on this account, we are considering tak- | tariff reductions will be limited to prin- | high tariff wall, but is against the prin- —_— | senger. . McMINNVILLE, Tenn., October 14 must consider, however, is the fac that, | ing steps to protect those industries | cipal articles which need reductions. ciple of free commerce which the Min- | Injured Pilot Prisoner of Police| The pilot, Prank Wrede, 32 years old, | () —Three men were killed and four although the low value of the yen has | which need protection most greatly. Different views are held by the au- | seito government holds. A | of Detrolt i & police prisaner at & hos- | colored men injured when a rented au- ending Quiz. pital pending investigation of his status| o oL T To ey pie - m " been an ‘unexpected blessing’ the low hether there wil be such a result | thorities of the fnance ministry u:dl 2 g R | ending investigation of his statu value has 'n_continuous and many | a is not yet known. any indus- | ministry of commerce and Industry in _|as a pilot. rede explal e acci- '4 y DETROIT, October 14 (A).—A Pas-|geny by saying his_safety belt became | mile east of here yesterday. | industries have been managed for years | tries suffer thus. their numbsrs will be | regard to the advisability of abolishing | New Zealand is importing nearly three | ¢ with the cheap yen-dollar rates taken | very small, T belleve.” the Tluxury tariff which the act imposes | times as many automobiles as a year Senger was killed and the pilot injured | unhooked during a loop. The plane fell| The dead are Ernest MoGee, Jess into aceount, Tokuzo Aoki, chief of the finance on imported articles classed as luxuries. | ago. | in an airplane crash 15 miles north of | about 2,000 feet. Jennings and Joe McCormiek. Abolition of Levy to Be Taken| Up at Sessions of Duty Commission. Epecial nw.u:n to n;- sv-‘: Y . @ f : i ‘/I : I 3 ! /,B B i St e : : This famous Manhattan 't "Dag which assesses a 100 per cent ad R i g i J valorem tariff on such imported articles § ¢ ; as are classed as luxuries, is scheduled | & Sl 5 : to be one of the impfi‘m;:sf:gefi:l;: o § ; g “ G . ,‘ R : (3 e . ! 1 s ] 5 TAriR” Reform. Tovestigaion Commi- : ; e 1$ savmg noney for nundreds " OMmcials of the foreign office, finance Tk P izh § : - Py ministry, ministry of commerce and in- dustry and ministry of agricuiture and - o g s o ! « o ; ¥ X = ; foresiry have been holding repea 3 5 d 8 g b 7 K (R R . conferences to fix the sgenda for the 3 W ¢ > o ey, - u l 't' 2 coming meetings of the Tariff Reform § by ¥ o . : 5, ke, g (I) 11t OH TOUSCWITL €S Investigating Commission. A meeting S S H B i 5 : 3 [® of the secretaries of the commission was % 3 3 * > % . held at the premier's official residence 1o settle the different views of the re- spective ministries concerned. General Revision Planned. No thorough reforms are being con- templated, it it disclosed. The changes, comprising_both advances and reduc- tions, will be made on some articles in accordance with the government's prin- ciple of free commerce in the case of reductions and as a measure to protect some particular industries which will suffer greatly from the expected recov- ery of the yen in the case of increases. The commission will not fix exact rates for the tariff to be revised, it is stated, but will adopt general policies and recommendations, leaving the task of fixing exact rates to the government. A concrete plan, comprising the com- mission’s recommendations, will be drafted by the middle of November so ., that the government may present the propos2d tariff reform to the Dict at its next session, which opens in December. Linked With Recovery of Yen. The proposed tariff reform has been prompted by two reasons, it is ex- plained. The first is the principle of free commerce, which the Minseito gov- ernment upholds, for which some du- ties will be abolished and others low- ered, while the second is that .the expected restoration of the value of the yen will hit some particular industries and to protect such industries some duties must be raised. A group of producers, especially those dealing in iron and caustic sods, have submitted repeated appeals to the offi- cials of the finance ministry, the min- istry of commerce and industry and the ministry of Agriculture and forestry, % requesting that duties on such prgducts raised. . The attitude of the finance minister, ~-~Junnosuke Inouye, toward these peti- tions is not favorable, judged by his utterances. In a recent interview he said that he had no intention of raising the tanff all around as a measure to protect home industries. Before he de- cides to protect some few industries, he will fully investigate as to how the recovery of the value of the yen, after the lifting of the gold embargo, will affect some of the imnortant home in- dustries, he added. May Lift Goid Embargo. “As preparations for the lifting of the gold ban go ahead,” said Mr. In- ouye, “the yen-dollar exchange will im- rove gradyally. How Japan's indus- ies will be affected and what steps have to be taken constitute a problem | which the government must'study be- + fore it actually lifts the gold embargo. ‘That is why we have submitted our in- quiry to the tariff reform -investigation commission on this problem. “It is not intended to 't many industries which will be affected by the recovery of the value of the yen. Be- cause the yen-dollar exchange situation improves, ihere is little necessity to pro- tect all industries. 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