Safeguarding of Industries Act 1921
| Act of Parliament | |
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| Long title | An Act to impose duties of customs on certain goods with a view to the safeguarding of certain special industries and the safeguarding of employment in industries in the United Kingdom against the effects of the depreciation of foreign currencies, and the disposal of imported goods at prices below the cost of production, and for purposes connected therewith. |
|---|---|
| Citation | 11 & 12 Geo. 5. c. 47 |
| Territorial extent | United Kingdom[b] |
| Dates | |
| Royal assent | 19 August 1921 |
| Commencement |
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| Expired | 1 October 1926(part I)[c] |
| Repealed | 20 February 1958 |
| Other legislation | |
| Amended by | |
| Repealed by | Import Duties Act 1958 |
Status: Repealed | |
| Text of statute as originally enacted | |
The Safeguarding of Industries Act 1921 (11 & 12 Geo. 5. c. 47) was an act of the Parliament of the United Kingdom which safeguarded certain key industries.
Part I of the act put a five-year duty of 33.3% ad valorem on nine categories of items (including optical glass, laboratory porcelain, hosiery latch needles, metallic tungsten, synthetic chemicals) that were perceived as being essential to British success in the Great War. Part II of the Act put a similar duty on imported goods which were sold at prices below the cost of production (dumping) or at prices lower than the prices of similar goods profitably made in Britain, due to depreciating currencies of the imported goods' country of origin. In the House of Commons 142 voted for its third reading, which was passed by 178 votes to 56.[1]
Subsequent developments
In section 14, the definition of " prescribed " was repealed by section 1 of, and the first schedule to, the Statute Law Revision Act 1953 (2 & 3 Eliz. 2. c. 5), which came into force on 18 December 1953.[2]
Notes
References
- ↑ F. W. Hirst, From Adam Smith to Philip Snowden. A History of Free Trade in Great Britain (London: T. Fisher Unwin, 1925), pp. 69-70.
- ↑ "Statute Law Revision Act 1953", legislation.gov.uk, The National Archives, Eliz2/2-3 c. 5
Further reading
- F. W. Hirst, Safeguarding and Protection in Great Britain and the United States (London, 1927).
External links
- Text of the Safeguarding of Industries Act 1921 as originally enacted or made within the United Kingdom, from legislation.gov.uk.