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Czecho-Slovak Goods

Volume 149: debated on Friday 16 December 1921

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asked the President of the Board of Trade whether, seeing that the Czecho-Slovak currency had no pre-War standard, did not in fact exist before February, 1919, and that therefore it has not depreciated to an extent of 33⅓ per cent. therefrom, and that the Government of the Dominion of Canada has officially recognised this to be a fact, and is in consequence admitting Czecho-Slovak goods free, of duty, he will state why under Clause 2 (b) of the Safeguarding of Industries Act an application has been referred to a committee of inquiry for the imposition of an import duty of 33⅓ per cent. on certain types of Czecho-Slovak glassware?

There appears to be no doubt that the Czecho-Slovak Government adopted the currency unit of the former Austro-Hungarian Empire as its official unit, since the paper currency issued by the Austro-Hungarian Bank was given official currency in Czecho-Slovakia subject to being stamped by the authorities of that country. The parity of exchange, with reference to which depreciation is to be calculated in accordance with the provisions of Section 2 (1) (b) of the Safeguarding of Industries Act, is clearly the parity of the krone, the currency unit of the former Austro-Hungarian Empire. I am unable to agree that, in charging duties on goods from Czecho-Slovakia, based on the conversion of their values in kronen at the current rates of exchange, the Government of Canada has expressed any opinion as to the existence of depreciation or its measure.