• Short Summary

    During the last year or so politicians and economists have expounded theories to combat the inflation or recession that gripped their countries.

  • Description

    During the last year or so politicians and economists have expounded theories to combat the inflation or recession that gripped their countries. Brazil suffers from the former economic disease, prices of many goods are much higher in comparison to those in other countries. In this respect automobiles are priced ridiculously high. Whereas in the U.S.A., Paraguay or Uruguay a specific model sell for 2000 dollar, in Brazil buyers pay up to five times this amount.

    Part of the extra cost is due to customs duties that add 150% to the import price, the rest is a result of unfavourable currency exchange caused by internal inflation. As would be expected ways of evading some of these cost have been suggested, and so far only one has been moderately successful,---smuggling.

    These illegal importations are not always successful, occasionally customs officials arrive unexpectedly and impound the contraband. When this happens an auction is arranged to pay the levies and the offenders fines. Such a sale occurred at Sao paulo on the 26th March.

    Up for sale were two Mercedes Benz, a super de-luxe and a four door sedan, and a Volkswagen sports car with a Porsche engine. One of the Mercedes was sold to a Brazillian beer brewer for approximately GBP4,500 and the Volkswagen for GBP3,500 to a car dealer--he will probably resell it for much more.

  • Tags

  • Data

    Film ID:
    VLVA271N101R1DPZOBU3DAC6H9X5S
    Media URN:
    VLVA271N101R1DPZOBU3DAC6H9X5S
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    26/03/1958
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:00:53:00
    Time in/Out:
    /
    Canister:
    N/A

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