Rationalising the Industry and the War
In the 1930s the tack industry was
suffering from the effects of over production and cheap imports.
Control of the industry was required in order to prevent any of
the tack makers going out of business, and so the Steel Tack
Association was formed. Harry Lloyd became the association’s
secretary and tight controls were placed on the industry. In
1934 the association’s member companies produced 4,350 tons of
tacks and this fell to 4,184 tons in 1935 and slightly rose to
4,253 tons in 1936.
In order to maintain prices, each member of
the association would take a number of machines out of
production and be suitably compensated. To ensure that these
machines were not used, official seals were placed on the moving
parts.
Another problem at the time was cheap
imports from Belgium, and something had to be done to reduce the
effect on the industry. The Steel Tack Association, in
collaboration with the Import Duties Advisory Committee decided
to levy import duties on Belgian tacks and nails. An agreement
on the amount of duty to be paid was made with the Union
Trefileries et Clouterie Belge (The Union of Belgian wire
drawing mills and nail factories). The duty was as follows:
2 inches in length or over - £4 a ton or
20%, whichever is greater.
Between 1 inch and under 2 inches in length - £5 a ton or 20%,
whichever is greater.
Less than 1 inch long - £6 a ton or 20%, whichever is
greater. |