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levels, at least in the early part of the marketing season, and consequently the payments that will be made in 1958 will be low because of the high level back a year ago. The payments are made a year behind in this program.
Mr. SIMPSON. That explains it. My question certainly was not out of order.
Mr. POAGE. No.
Mr. SIMPSON. When you say you have 37.7 cents a pound in 1958, and they said they only spent $20 million-I could not reconcile the figures.
Mr. IMMASCHE. That 37.7 is the average for the first month of the current marketing year. Now we do not know what the average for the full year will finally be. We will not know that until June a year from now.
Mr. SIMPSON. I will ask you one more question. Has the Government surplus of wool been cut since this program has been in effect?
Mr. IMMASCHE. From the old loan program we accumulated about 185 million pounds. We had that much when this program started. That was in the spring of 1955. All of that was disposed of by last December or January.
Mr. SIMPSON. Do you have any surplus wool now?
Mr. SIMPSON. Then as far as this program is concerned on getting rid of surpluses, it has worked?
Mr. IMMASCHE. Well, that was a peculiar surplus. That was a surplus because we were supporting the price of wool at higher than the market.
Mr. Simpson. It wiped out the surplus, and that is the end.
Mr. IMMASCHE. Wool accumulated in our warehouses while foreign wool was being imported to supply our mills. So it was not a true surplus. Our domestic production of wool is less than our total consumption of wool.
Mr. Simpson. If this same program would wipe out the other surpluses, I would be glad to be for it.
Mr. Dixon. Will the gentleman yield to a question?
Mr. Dixon. May I ask this gentleman, how much does it save the Government for every cent the price of wool goes up?
Mr. IMMASCHE. We figure for each 1 cent the price received in the free market increases saves about $3 million of payments. other words if the average turns out to be 55 cents for the marketing year we have just finished and with the incentive level at 62 cents there will be 7 cents to make up by payments. We figure that would cost about $21 million or $22 million.
Mr. Dixon. Three million for every cent it goes up?
Mr. MCINTIRE. For the record, Mr. Garland, what is the present duty on wool tops as they are imported into this country?
Mr. GARLAND. I have that information in my briefcase. May I suggest, Mr. Congressman, so there will be no question about it, about the correctness of the answer, that you direct that question to a member of the Department?
Mr. MCINTIRE. It may be put into the record, and whether or not it is on an ad valorem basis, or just what the basis is on which the tariff is assessed.
Mr. IMMASCHE. There are two kinds of tariff. Raw wool carries a specific duty, and that is 25%, cents a pound clean on most wools. Manufactured articles coming in carry both a specific and ad valorem rates of duty. I do not have those rates, but we would be glad to get them for you.
(The data referred to above are as follows:)
The rates of duty which apply to imports of wool and wool manufactures are set forth in Schedule 11 of the Tariff Act of 1930, as amended. Following is a copy of that schedule taken from United States Import Duties (1952) as published by the U. S. Tariff Commission, Miscellaneous Series TC 1.10: Im7/47952, with changes as indicated by Supplements I, II, III, and IV through May 25, 1957.
"Full rate” column.-Except in a very few specially identified instances, the rates shown in this column are those specified in the Tariff Act of 1930 or the Internal Revenue Code, as amended, unless identified by an asterisk (*), in which case the rate is one established pursuant to section 336 of the Tariff Act of 1930. The full rates apply to products of the following countries or areas, whether imported directly or indirectly therefrom, as a result of actions taken by the President under section 5 of the Trade Agreements Extension Act of 1951, notifications of which were published in the Treasury Decisions respectively indicated.
Treasury Country or area
52828 China (any part of which may be under Communist domination or control) -
52788 Czechoslovakia -
52788 Germany: The Soviet zone and the Soviet sector of Berlin.
52788 Areas under Polish domination or control.-
52877 Hungary -
53012 Indochina (any part of Cambodia, Laos, or Vietnam which may be under Communist domination or control)
52788 Korea (any part which may be under Communist domination or control)-- 52788 Kurile Islands.
52788 Outer Mongolia
52788 Southern Sakhalin.
52788 Tanna Tuva.-
53024 Union of Soviet Socialist Republics.
52877 If a product of any foreign country or area not named or described in the preceding paragraph, except the Philippine Republic, is classifiable under : description for which no rate is specified in the “Reduced rate” column, such product also is subject to the rate of duty specified for its description in the "Full rate” column.
“Reduced rate” column.-The rates in this column are the reduced rates established pursuant to trade agreements entered into under section 350 of the Tariff Act of 1930, as amended. They apply to products of any foreign country or area, except the Philippine Republic, which is not named or described in the above list.
SCHEDULE 11.-Wool and manufactures of
Aleppo, Arabian, Bagdad, Black Spanish,
Chinese, Cordova, Cyprus, Donskoi,
24¢ per lb. of clean con- 13€ per lb. of clean con-
tent. On the skin.
22€ per lb. of clean con- 11° per lb. of clean content.
27€ per lb. of clean con- 16€ per lb. of clean content.
tent. Sorted, or matchings, not scoured. 25€ per lb. of clean con- 14€ per lb. of clean con
24¢ per lb, of clean con
tent. On the skin
22€ per lb. of clean con
27€ per lb. of clean con
of wools not finer than 44s may be al-
imported as not finer than 40s.
withdrawn from warehouse without the
resulting in the usual course of man- applicable to hair or applicable to hair or
ufacture of such enumerated articles. wool in like condition. wool in like condition. Noils resulting in the usual course of 78 of the regular duties 76 of the current duties
manufacture of such enumerated applicable to noils. applicable to noils.
usual course of manufacture of such
product described in any of the three plicable to hair or plicable to hair or
wool in the condition wool in the condition in which so used or in which so used or transferred.
SCHEDULE 11.-Wool and manufactures of—Continued
1102 (a) Wools n. s. p. f, not finer than 44s: In the grease or washed.
29€ per lb 1
17é per lb. On the skin..
27é per lb
15€ per lb. Sco ired...
324 per lb
20€ per lb.
18€ per lb.
imported as not finer than 44s.
34¢ per lb
25%é per lb. On the skin..
324 per lb
246 per lb. Scorired.
37€ per lb
2774€ per lb.
2674€ per lb.
344 per lb
9é per lb. On the skin..
32¢ per lb
8€ per lb. Sco'ired...
374 per lb
1023€ per Ib.
942é per lb.
34¢ per lb
22é per lb. On the skin..
32é per lb
20€ per lb. Scorred...
37€ per lb
25€ per lb.
23° per lb.
34€ per lb..
18€ per lb. On the skin.
32€ per lb
16€ per lb. Scoured
37€ per lb.
21° per lb. Sorted, or matchings, not scoured.. 35é per lb.
19€ per lb. 1 As used throughout paragraph 1102, the term "Ib.” means pound of clean content. NOTE.-By a proclamation of the President (TD 54212) the ad valorem part of the rate shown in the "Re luced rate” column of paragraph 1108 and paragraph 1109 (a) is applicable during each calendar year be zinning January 1 in 1957 and in subsequent years, only to a quantity by weight of fabrics described in th se paragraphs which the President shall have found to be not less than 5 percent of the average andral production in the United States during the three immediately preceding calendar years of fabrics similar to s'ich fabrics. This "tariff rate" quota will be published in the Federal Register. The ad valorem part of the duty applicable to overquota fabrics entered, or withdrawn from warehouse, for consumption is 45 percent.
Articles provided for in the proviso to paragraph 1111, and articles provided for in paragraph 1122, of the Tariff Act of 1930. are not corinted in the quota above, but are subject to the increased ad valorem daty when entered, or withdrawn from warehouse, for consumption after the quota for the period is filled,