Page:United States Statutes at Large Volume 45 Part 2.djvu/1249

 PROCLAMATIONS, 1927. 2919 dustries of the United States, and for other purposes," it is, among other things, provided that whenever the President, upon investiga- Vol.42, p . Qil. tion of the differences in costs of production of articles wholly or in part the growth or product of the United States and of like or similar articles wholly or in part the growth or product of competing foreign countries, shall find it thereby shown that the duties fixed in this act do not equalize the said differences in costs of production in the United States and the principal competing country he shall, by such investigation, ascertain said differences and determine and proclaim the changes in classifications or increases or decreases in rates of duty provided in said act shown by said ascertained differences in such costs of production necessary to equalize the same; Whereas in and by section 315 (c) of said act it is further provided that in ascertaining the differences in costs of production, under the provisions of subdivisions (a) and (b) of said section, the President, in so far as he finds it practicable, shall take into consideration (1) the differences in conditions in production, including wages, costs of material; and other items in costs of production of such or similar articles in the United States and in competing foreign countries; (2) the differences in the wholesale selling prices of domestic and foreign articles in the principal markets of the United States; (3) advantages granted to a foreign producer by a foreign government, or by a person, partnership, corporation, or association in a foreign country; and (4) any other advantages or disadvantages in competition; Vol. 42, p. 942. Whereas, under and by virtue of said section of said act, the United States Tariff Commission has made an investigation to assist the President in ascertaining the differences in costs of production of and of all other facts and conditions enumerated in said section with respect to the article provided for in paragraph 27 of Title I of said Vol. ~ p. 861. tariff act of 1922 in the clause for all distillates of coal tar, blast- furnace tar, oil-~as tar, and water-gas tar, which on being sUbjected to distillation YIeld in the portion distilling below two hundred and fifteen degrees centigrade a quantity of tar acids equal to or more than 75 per centum of the original distillate, namely, cresylic acid, being wholly or in part the growth or product of the United States, and of and with respect to a like or similar article wholly or in part thElPowth or product of competing foreign countries; Whereas in the course of said investigation hearings were held, of which reasonable public notice was given and at which parties Llter- ested were given reasonable opportunity to be present, to produce evidence, and to be heard; Whereas the President upon said investigation of said differences in costs of production of such cresylic acid wholly or in part the growth or product of the United States and of the like or similar article wholly or in part the growth or product of competing foreign countries, has thereby found- That the principal competing country is Great Britain; That the duties fixed in said title and act do not equalize the differ- ences in costs of production in the United States and in said principal competing country, namely, Great Britain; That the differences in costs of production in the United States and the principal competing country are less than the amount of the present ill1ties at the rates of 40 per centum ad valorem based upon the Ambncan selling price (as defined in subdivision (f) of section 402, Vol. 42, p. 960. Title IV of said act), of any similar competitive article manufactured or produced in the United States, and 7 cents per pound, decreased Vol. 42, p. 941. by the maximum decrease authorized in section 315 of said act. D j dty Now, therefore, I, Calvin Coolidge, President of the United States c~e.<;;fJCi~gto~ualli~ of America, do hereby determine and proclaim that the rates of duty 01:52, 7 January 2012 (UTC).In costs of shown by said differences in costs of production of cresylic acid pro- 54835°-29--PT 2--79

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