The Iceland year-book - 01.01.1926, Blaðsíða 76
gage are connected with the Landsbanki, one of
them exclusively for the support of agriculture.
Savings banks are numerous throughout the country.
In 1924 the turn-over of the Landsbanki was
590.327.000 kr„ and that of the Islandsbanki 449.-
000.000 kr.
In view of the steadily increasing volume of com-
merce, an Act was passed at the last session of the
Althing (1926) authorizing the Government to allow
the establishment of a third bank in Reykjavik,
and defining the privileges to he granted to such
a hank, should it be established.
Customs Practically all imports are subject to
Regulations, customs duties in some form, but the
rules for levying these are rather
intricate. Among the more important specific duties
are:—
Cereals 60 aurar per WO kilos. Potatoes, cement,
lime, chalk, tiles, slates, tar 75 aurar per 100 kilos.
Iron and steel, agricultural machinery and imple-
ments, fishing gear, canvas, cordage, wall-papers,
linoleum, oils 2 kr. 50 a. per 100 kilos. Textiles,
ready-made clothes, footwear and headwear 2. kr. 25
a. per 10 kilos. Salt 1 kr. 88 a. and coal 3 kr. 75 a.
per ton. Timber, doors and windows 11 a. per cubic
ft. Articles of ornament and toys 1 kr. 25 a. per kilo.
Various unspecified articles 75 a. per kilo.
(Most of the above are, moreover, subject to some
ad valorem duty, from which the following are ex-
empt).
Duty per kilo: Coffee and chicory 0.75, roasted
coffee beans 1.00, sugar 0.19, tea 1.88, chocolate 0.94,
cocoa 0.63, eating chocolates, sweets and toffee 2.50,
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