MORE PRACTICAL STEPS
OPINION OF THE F. 8.1,
LONDON, ISth February.
The first contribution of the Federation of British Industries to the Economic Preparatory Committee consists of a lengthy report containing a great number of recommendations, for example—tho establishment of a permanent . secretariat, the establishment of machinery to copo with Empire economic problems similar to the Geneva Economic Conference, the rationalisation of Imperial industrial production, and closer technical liaison between British and Dominion industries. Existing British preferences should be left undisturbed.
The federation considers .that free trade for Britain and protection for the Dominions is unthinkable. Imperial free trade may eventually bo realised, but other more practical steps are required for the immediate future .
The federation is of opinion that the Dominions should refrain from developing economically unsound industries. It was a fatal error to suppose the Dominions would allow British unemployed to be dumped in them.
The report calls attention to the groat absorptive powers of the Dominions. It was thus all the more regrettable that they increasingly drew their imports from, foreign sources.
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Bibliographic details
Evening Post, Volume CIX, Issue 43, 20 February 1930, Page 9
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175MORE PRACTICAL STEPS Evening Post, Volume CIX, Issue 43, 20 February 1930, Page 9
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