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New Chart. —A " Chart of the Pacifio Ocean, constructed and engraved by W". and A. K, Johnston," of Edinburgh, haa just been received by the Education Board of the Province of Otago, at whose request; it was prepared and published. It ?iio>>*s what no other map does —the islands of the Pacific Ocean, with the American seaboard on the one hand, and the Asian on the other, as also the various ocean routes connecting these colonies with the rest of the world. It was originally designed for the use oi the Otago schools, but its merits will undoubtedly attract a very large circulation among the general public.

Protection. —The San Franci3co Bulletin haa the following remarks on the. subject \of protection :—" The theory that American labor and maanfaotures were thus to be benefited has had the best trial it ever had. The prescription has been taken exactly according to directions, but somehow the patient gets worse instead of recovering. Some of our leading industries have been ruined, and most are languishing. Heavily as we have taxed foreign products to keep them away, they are pouring in upon us in increased quantities. It is found that the high duties in respect to a large class of articles only add to the profits of the importer; neither he nor tiie foreign producer pay the duties; they come out of the pockets of consumers, and are added to the burdens of our own people. Nor is this all. Tjie enhanced cost of foreign goods is made a standard for the retail prices of home goods, and thus the people suffer doubly. The country is sick of protection, yet advocates of the policy prescribe more of the same sort. The appetite for it seems to grow with what it feeds on. hie that for whisky or opium, and the demand for more is an exact guage to the failing condition of the patient. Sooner or late., the majority in both parties will «.: the tolly of the protection theory, and will demaud that equal competition which, between nations as between men, is the life of trade and industry. Absolute free trade is something not to be expected for a long time, although the tendency of modern civilization is inevitably in that direction as a finality ; but reductions in. the tariff are practicable and necessary, and it ought not to be regarded in any other light than as a means of revenue "

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/HBT18691104.2.14

Bibliographic details
Ngā taipitopito pukapuka

Hawke's Bay Times, Volume 14, Issue 732, 4 November 1869, Page 3

Word count
Tapeke kupu
406

Untitled Hawke's Bay Times, Volume 14, Issue 732, 4 November 1869, Page 3

Untitled Hawke's Bay Times, Volume 14, Issue 732, 4 November 1869, Page 3

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