§ 52. Sir J. POWERasked the President of the Board of Trade if the preferential rates of duty on British steel entering India are now in operation, and the average ad valorem advantage to British steel?
§ Sir B. CHADWICKThe Act providing for different rates of duty on iron and steel of certain descriptions according as it is or is not of British manufacture came into operation on 1st April. The advantage in favour of these descriptions of British iron and steel ranges from 11 to 26 rupees per ton according to class, but I am not in a position to say what is the average ad valorem equivalent of this advantage. Full details of the new rates are set out on pages 203–4 of the Board of Trade Journal for 17th February.