The Archive · 1929

Expected Drop in Tea Duty

Business Held up Awaiting the Budget on Monday its shipments are three times great as in 1928 while its profits for the quarter show an increase of 60 per cent. over profits. for the same period "last sear,—United. Press, London, Apr. 10.

Business in the tea market held up Mecause it is thought the Budget will announce substantial reductions in the Tea Duty.

Dealers are withdrawing as little possible from bond, The general impression is, only Empire-grown tea will be fected. Brokers do not believe that the whole duty on tea grown in the Empire will be removed, but they anticipate a reduction of about two pence per Th, on such tea Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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