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or Oriental paper the duty is 5 centavos per dozen. When the specialty 

 consists of ingredients put up in several different containers, each con- 

 tainer must bear a stamp. All manufacturers and importers concerned 

 must register their names and addresses at the Inland Revenue Office and 

 make a declaration of the goods manufactured or imported by them. In 

 the case of imported goods the value for customs purposes (aforo) and 

 for purposes of Inland Revenue Duty must be specially mentioned. Im- 

 ported goods must be stamped within fourteen days after being taken out 

 of the Clearing House. Imported goods which are put up in large con- 

 tainers and of which the value or properties would be liable to injury by 

 premature unpacking, and which are also sold in the said containers, are 

 allowed to remain therein, provided a guarantee be given of proper control 

 of the stamping of the sale-units according to law. Where doubt exists 

 as to the applicability of the stamp the Departamento Nacional de Higiene 

 or of the Officinas Quimicas will give an opinion, or the Ministry of Finance 

 may be invited to give a decision. An allowance of 2°/o for loss in 

 weight is made to importers. Where goods are imported for the account 

 of third parties, the names of the latter must be disclosed to the fiscal 

 authorities. The sale price of scented soaps which retail at 40 centavos 

 or less per piece must be clearly stated on the goods in accordance with 

 the instructions of the Administration of Inland Revenue. 



In the interest of those of our business friends who are specially 

 concerned in the supply of the above-named articles for Argentina we 

 have thought it desirable to give prominence to the provisions of the 

 new Law. 



A similar law came into force in Uruguay on 1 st August of this year. 

 In that country, however, the tax applies to drugs and pharmaceutical 

 articles, and has caused a well-founded resentment in the circles affected 

 by it, because cheap medicaments and drugs are specially heavily burdened. 

 As yet we are unfortunately without any definite information whether, 

 and if so in what manner, essential oils are included in the taxation. 

 What has been said about Argentina applies likewise to our business re- 

 lations with the neighbouring Republic of Uruguay. In that country, too, 

 we are able to report an increasing turnover, and the flourishing economic 

 conditions of the country justify us in entertaining the brightest hopes 

 of the future of business there. It is surely a sign of expanding demand 

 that the customs receipts are increasing year by year without any advance 

 in individual duties. 



Taken as a whole, the condition of affairs in Chile and Peru un- 

 fortunately remains unaltered, and it will take some time before confidence 

 in these markets is restored. It is to be hoped that the enlargement and 

 modernising of the port of Valparaiso, which has been decided upon by 

 the Chilian Parliament, will lead to an improvement in the conditions 



