Shanghai, May 0 The board of directors of the Estates Lids have declared fvidend of three Chinese. dol per Share on account of the working for the sear ending, September 30, 1940, payable to shareholders on record on May 22, 140 This will be the only interim dividend. that will be pald this year the Exchange Control Authorities will only. permit remittances for one interim dividend and a Anal dividend fn'each financial year, The products so affected: by the duty reductions are woven silk, velours Fibbons, and unfinished silk stocking The tari remains in force, however, against raw silk, waste sil, and silk thread.
The Treasury spokesman emphas~ sed that the move was not to be Interpreted as a political one in any sense, but certain observers point out that it came just at the moment when the United States is attempting to approach Italy politically and econo ically.
The Treasury also published Agursot imports of Italian sible into America showing that they had slip. ed to almost nothing since the tariff was put into force, The United States imported §2,163,- 00 worth of Ttalian raw sil in 1939, $68,000 worth of waste silke and §27 000 worth of silk products were also imported, "the figures revealed. Havas,
Text read from the printed page and cleaned; old type leaves the occasional error.