NEW CANADIAN TARIFF

Evening Post, Volume CIX, Issue 102, 2 May 1930, Page 9

NEW CANADIAN TARIFF

BEITISH PREFERENCE

EXTENDING THE PRINCIPLE

United Tress Association—By Electric Telegraph—Copyright (Received 2nd May, 11 a.m.) OTTAWA, Ist May. • Tho Minister of Finance (Mr. C. A. Dunning), in his Budget speech, announced an estimated surplus of 44,----5)07,000 dollars for tho fiscal year, also numerous and complex changes in tariff rates, involving under the general tariff increased rates on 54 items and decreases oii 46. Under the intermediate tariff, he said, there would be increases in. rates on 35 items, and decrease on 90, and under the British preferential tariff there will be increases on 11 items and decreases on 270. ■ When the revision was completed the Customs tariff would consist of 1188 items, of which 589 would be free under British preference. Tho changes proposed, Mr. Dunning said, would have the effect of greatly increasing British preference in, the Canadian market. "Canada will , not engage in a tariff war with any country,'' ho said. He stated that the tariff changes were not the result of any bargain with any other country, and they were the expression of the spirit ia which Canada would approach tho Imperial' Econocmie Conference in a fow'months' time. : NO PETTY BARGAINING-. "We do not intend to meet the other countries of .the British Commonwealth of Nations in a spirit of petty bargaining, but rather in the broad spirit of willingness to become in an ever-in-creasing measure good customers to those who treat us in like manner," said Mr. Dunning. "This is the spirit in which we desire to meet all nations, but we believe that within the British Commonwealth of Nations lies the greatest measure.of opportunity for mutual development of trade because of our common heritage, kindred institutions, and common patriotism." Mr. Dunning described the Budget as an expression of the spirit in which Canada approaches the Imperial Economic Conference, and stressed the large increase of British preference in the Budget, which is calculated to enable Canada to buy more freely from nations whicb--deal freely with Canadians. The countervailing tariff makes the duty on vegetables, eggs, and grain the same as that of countries exporting to Canada. Tho duty on British-grown tea is' removed. Canadians living abroad arc made subject to income-tax.