economicfinancia00calm #49

Full text of The economic and financial situation of Albania LEAGUE OF NATIONS 1922 and Koritza, but the output is insufficient for home consumption, and in 192 1 Albania imported flour to the value of over a million francs. In order to encourage this industry, and at the same time to reduce the deficit in the com- mercial balance, the Government placed a twenty per cent ad valorem import duty upon maize and a fifty per cent duty upon flour. The olive is widely cultivated in Albania, and there are a few olive-oil factories, the methods of which are very primitive, except at Valona, where there are hydraulic presses. This industry, which might be combined with the soap industry, is capable of a much greater development. At present, Albania exports olives and olive oil for refining to Italy. In 1921 she exported