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Show ruliiSf I Measure to Be Presented to Senate Tuesday or Wednesday WASHINGTON, April 8. Foreign valuation OS the underlying principle 01 the so-calbd permanent tariff bill finally was agreed upon tonight by liopubllcun members of the senate fl-I fl-I nance 1 ommittee. The vote was 7 to 8, but how the I committee rhembers divided on the I. allot v is withheld. With the settlement of the valuation valua-tion question th majority practically completed its many montlih of work Jon the tariff measure and It was stnt-ed stnt-ed that it would be presented to the I senate either on Tuesday or Wednesday Wednes-day oftr th- Democrotle mm hers of I the committee have been given op-IportunUy op-IportunUy to cast their votes on the bill The majority report also has yet to U" drawn up. BOISTJlRING PROVISIONS, lie Palliation plan as adopted, in-' eludes Bevera) bolstering provisions designed to take cure oi unusual situ-attons situ-attons growing out of present worl.l : conditions anu. more particularly, the marked depreciation or currencies in a number : i"reign countries. These provisions are in line with iecommen- , datlous made to congress by President : Harding in hiB first annual message last December, I here investigation established the j fact that conditions existed in foreign countries that enabled those countries coun-tries to produce goods and sell them in the Lnited .States at prices, after payment oi duty, below me cost and producing and marketing similar good. in this country, the president . would be given authority to Increase I any it-s ot duty by f,u pr cent of the i figure fixed in the bill. 1JR1S111 vi 1 UPOVt ERED Should Investigation develop that sucn percentage of Increase on the foreign valuation principle was too Small to protect American industry, the president would have authority to transfer foreign valuation to tho American wholesale selling price- of the imported goods, and then to in-: I crease or decrease by 50 per cent the I r it- fixed in the bill. The president a!s... would have the right to chunge the classifications us J fixed in the bill that Is. to remove items from tb.- ti.. b( t., tie ' dutiable duti-able list. Senator ShlOOt ot Utah, ranking Republican on the committee, who drew the original bolstering provisions pro-visions said he did not think it ever would be noceasary for that power to xerclsed by the .resident Under another provision of the bill. Senator Smooi said, when., u was established that foreign countries had cartel or associations formed to control the prices of commodities in the United Stutcs, th president would have authority au-thority to prevent the landing of imports im-ports from such countries until the j discrimination against American pro-I ducts practiced by such cartels or associations as-sociations was removed. DKI'ltl t 1ATI.I) CVRRENCY. The depreciated currency provision of the original foreign valuation amendments was stricken out by tho majority as it was thought that the authority given the president to Hon would meet an.v situation that might arise growing out of depreciation deprecia-tion in currencies abroad. The valuation plan as adopted by the senate committee majority nan boon declared unsatisfactory by Chairman Chair-man Fordney of tho house ways and means committee w)io, after a. conference con-ference some time ago with the sen-, sen-, ate committee majority declared that in his Judgment the house never would o cepl a tariff bill that did not carry' an American valuation principle. |