Misplaced Pages

Safeguarding of Industries (Customs Duties) Act 1925

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
Legislation relating to the historical British economy United Kingdom legislation
Safeguarding of Industries (Customs Duties) Act 1925
Act of Parliament
Parliament of the United Kingdom
Long titleAn Act to impose customs duties on certain goods with a view to the safeguarding of certain industries, and for purposes connected therewith.
Citation15 & 16 Geo. 5. c. 79
Dates
Royal assent22 December 1925

The Safeguarding of Industries (Customs Duties) Act 1925 (15 & 16 Geo. 5. c. 79) imposed duties on cutlery, gloves, and incandescent mantles imported into Britain. Collectively, these industries amounted to approximately 3% of Britain's manufacturing output. The duties were temporary, remaining in effect for five years, from December 1925 to December 1930. For cutlery and gloves, the duties were 33% ad valorem, while for incandescent mantles the duty was 6 shillings per gross. These import duties were applied upon the recommendation of committees convened by the Board of Trade, in accordance with the 'safeguarding of industries' procedure, set out in a government white paper in 1925.

Unlike the Safeguarding of Industries Act 1921, which was primarily intended to protect industries significant to national security, the Safeguarding of Industries (Customs Duties) Act 1925 was motivated by rising unemployment in those industries to which it applied safeguarding duties. The 1925 Act was the only piece of legislation solely arising out of the safeguarding of industries procedure. Other safeguarding duties were legislated as part of the Finance Acts of 1925-1928.

References

  1. ^ Varian, Brian D. (November 2019). "The growth of manufacturing protection in 1920s Britain". Scottish Journal of Political Economy. 66 (5): 703–711. doi:10.1111/sjpe.12223. ISSN 0036-9292. S2CID 159346581.
  2. Abel, Deryck (1945). A History of British Tariffs 1923-1942. London: Heath Cranton Limited. pp. 24–50.
  3. United Kingdom, Safeguarding of Industries: Procedure and Enquiries, Cmd. 2327 (London: HMSO, 1925).
  4. Marrison, Andrew (1996). British business and protection, 1903-1932. Oxford: Clarendon Press. ISBN 0-19-820298-9. OCLC 32968848.
Categories: