DUTIES SUCCEED

Evening Post, Volume CXIII, Issue 29, 4 February 1932, Page 11

DUTIES SUCCEED

BEYOND EXPECTATION

FOREIGN FIRMS ESTABLISH

FACTORIES IN BRITAIN

United Press Association—By Electric Tele-

eraph—Copyright. (Received 4th February, 1 p.m.)

LONDON, 3rd February. In the House of Commons Major Hore-Belisha, Parliamentary Secretary to the Board of Trade, .moving approval "of the duties imposed on 17th December last, said that they had resulted in many factories in Manchester, Bradford, I'Jettingham, ; and Leicester working overtime, while in the past six weeks applications had been received from 250 foreign firms desiring to establish factories, in Britain. Twenty such factories/were already operating. The, recent emergency duties, with only a temporary purpose of reducing abnormal imports and forestalling a general tariff had succeeded beyond expectations*

Major Hore-Belisha said that, above all, the duties had shown the public that the tariff experiment should be regarded not in accordance with .abstractions'and theories, but with actual practice.! He hoped .to-morrow,, when Parliament was asked to change the fiscal system of the past, eighty-five years, the proposals.would.be treated as practical and scientific and not in a speculative spirit. . : ; ' ■' Mr. O'Connor (C.) said that1 the emergency duties had had an electrical effect in restoring confidence and .reducing, unemployment ■in the Nottingham lace trade, -i ■■■■/■ .

Mr. J. H. Loekwood said that the new duties had already reduced, unemployment in Bradford 50 per cent, i Major Hore-Belisha's motion was carried by 276 votes to 44. ■ ■. :