Thank you for visiting SNEWPapers!

Sign up free
Page thumbnail for The New York Herald
Foreign News June 11, 1848

The New York Herald

New York, New York County, New York

What is this article about?

The Belgian government has issued a decree granting a 10% premium on cotton fabric exports to non-European countries from June 1 to September 1, potentially harming Lancashire's cotton trade. Exports must be certified as native and valued over 1,000 francs.

Clipping

OCR Quality

98% Excellent

Full Text

Belgium.

The Belgian government have issued a decree of an extraordinary purport, and which cannot fail most assuredly to cause considerable prejudice to the exportation of the cotton fabrics of Lancashire. It is enacted by this decree that, from the 1st of June to the 1st of September, with a saving clause for prorogation, a premium of 10 per cent. on the value shall be allowed on exportation for countries out of Europe of all cotton manufactures, grey, bleached, or printed. The valuation of the goods so to be admitted to bounty is to be made by a commission of "experts" to be named by the Minister of the Interior, and residing in Brussels. The intending exporter must forward patterns in duplicate of the fabrics designed for shipment. Various necessary precautions and formalities are to be observed, in order to provide for the goods being of native production. For this end, a certificate of origin is primarily to be delivered by the burgomaster of the locality where the fabrics have been prepared. The payment of the premium, on fulfilment of the necessary conditions, is to be made by the government within one month after shipment; but the bounty will not be accorded for any exportation of fabrics of less value than one thousand francs.

What sub-type of article is it?

Trade Or Commerce Economic

What keywords are associated?

Belgian Cotton Export Premium Lancashire Trade Impact Government Decree Export Bounty Non European Markets

Where did it happen?

Belgium

Foreign News Details

Primary Location

Belgium

Event Date

From The 1st Of June To The 1st Of September

Outcome

premium of 10% on cotton exports to non-european countries, causing prejudice to lancashire cotton fabrics exportation

Event Details

Belgian government decree allows 10% premium on export of native cotton manufactures (grey, bleached, or printed) valued over 1,000 francs to countries outside Europe, with certification by burgomaster and valuation by experts in Brussels; payment within one month after shipment.

Are you sure?