Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-09-07
Trade and Finance Abroad.

American exporters will remember that
the notifications in the Mexican Custom
Houes duties to be put in force on
september l. The notifications consist
principally in the adoption OF IL new claS
sincdtIon OF merchandise better adapted
10 the actual needs of trade, and in the
reduction in the number OF dutiaDlc artI-
cleS For instance while the former tar
III comprised ~ articles, the new one is
composed OF l3 articles, owing to the
combination oil Il certain number of pro
ducts which formerly were separate
clauses OF the tariff. The reform of the
taflf1 duties in Mexico WAS made evil
IDENTIFY 10 meeC circumstances created by
the adoption Of the reform in the none
tiiry system. One of the principal cunse-
Quc3ceS oil tnc new monetary chsII.g. rate
abroad, which has permitted more Sta
| bliity IN prices ara cheaper foreign goods
But IL this circumstance has favored III"
consumers OF imported articles il has
caused trouble for national production
the industries which benefited the most
| IRON the high rate of exchange having
been hardest hit. The government then
tried To change that state of things with
| a reform Of the Custom Hous,. laws.
Thus, 10 articles have been PARTIALLY r.
| hcved from their heavy tax, while taxes
| on 2lI articles have been increased Al
| the same time. the nomenclature has
been better adapted to the needs Of com
mercP and arranged in - manner to avoid
errors in the classification Of nicrchar-
disc.
The congress Of employees which was
held at Tours discussed reports OF the
con mission relative to the sabbath IL
vacations and to the extent of powers
given To the congress executive com
mttec. These reports were favocably re-
celvcd by the congress- which has also
decided 20 divide the federation into
twenty sections. The central administra-
ton Is 10 be in Paris and Will take part
i'll the international congress Of employees
TO be held III London.
The report of the inspector of Insurance.
companies in Erazil shows that insurance
business Is rapidly developing in that
country. In the year 1904 there appear 10
have been iifty-fivc companies operating
in the republic. forty-fOur being national
and eleven foreign, Of which fiv, were fnr
life. FOrty-two companies taking land and
maritime risks did business involving !,
total responsibility OF 2,2i6.20 contns in
Brazilian money plu El93, 100, .bgmu francs
and coo marks. Against thr-,. risk..
the premiums received amounted To TO- IL;
contoS. G3JS l26 ana go marks. rn, .;uIIt
paid ON account OF claims WIS al con
tOS. Ihirty-two national companies tS-
Sured 1.9i3,Gl4 contoS, and took gs.7 in
premiums, and paid out against claims
5i52 contos. Five foreign companies COW
cred risks for 2l2.226 contnS. received in
premiums llI3 contoS and paid against
claims ~ COntoS.
If Japan does not become soon fertile
country. capable OF raising enough cereals
To feed itS inhabitants. now reduced to
rely on rice and the Saghalien and Sibc-
GEttl nSfr IL Will not De Ille lslult Dl tHlll.
In that South American republic many
papers are pressing the government to
send Il diplomatic representative to Toxic
mainly in order that he should act indi-
rectly rs Il salesman of the nitrate Of
the province of Tarapaca. 1t is known
that since Chill acquired, in lSS3 that
province from Peru, immense beds OF nj
tr:te or "Salitre.' have been discovered
exploited and sent by millions of tons 10
all countries of the world, for it is the
best of fertilizers. About 20 per cent. Of
the budget receipts of the CHILEAN govern
ment have been furnished by the export
duties imposed upon the shipping abroad
of the nitrate. A special effort is to ba
made now TO introduce that fertilizer in
Japan
In the months of April and May next
year will be held at Antwerp, Belgium,
an international exposition devoted to do
nestle economy. 1t will be divided into
j. groups. 1t is organized under the aus
piceS of the Belgian government. Of tho
province and the city of Antwerp. and
nothing will be spared to make this eX
position as successful as those which
We're formerly held in the Belgian com
mel cial metropolis