EMPIRE TRADE.

Press, Volume LXIII, Issue 19150, 5 November 1927, Page 19

EMPIRE TRADE.

" AN ECONOMIC UNIT." SIR ALFRED MOND'S VIEWS. (bt cable—pbbss assocutiok—copybight.) (austbalia* *kd k.z. cabu association.) LONDON, November 3. "The Empire as au Economic I-'nit was advocated by Sir Alfred Mond in a speech at the Empire Industries Association. The "Financial Times" describes it as a bold, imaginative plan. Sir Alfred Mond said: "\\it>i America as. one great combination and Europe becoming another the Q ne ?~ tiou arises whether the British should remain in isolation between two vast bodies, or create an Imperial unit more powerful than either. Why should we fear a general tariff in the Empire. It would enable us to dictate most favourable trading terms to the world The British Empire with Americas conditions of free internal exchange and tariff against the rest of the could produce more than Americans ever dreamt of. There is no economic entitv that could possibly compete with the Empire when advantages or size, population, resources and markets are considered." ' . Sir Alfred Mond quoted a string of remarkable figures of British and Australian trade for the purpose of emphasising the point that inter-Im-nenai. trade was becoming a dominating factor in the world as well as m B"itish trade. . „ The "Financial News" editorially states: "Britain cs<n»<<t buttle down «.s a se lr siii t '£! nation like DonmarK H.irdiv more attractive is a league between" iteelf and Europe which as a market is incapable of much further expansion. The practical man must turn to the Empire. If we had a Union of Empire such as that between the different States of America we should be the greatest market in the world and self-supporting. We need chains, where we have now only string."