TARIFFS AND TRADE

Hokitika Guardian, 28 June 1929, Page 5

TARIFFS AND TRADE

TARIFF EFFECT ON CANADA. (United Press Association.—By Electrii. Telegraph.—Copyright.) OTTAWA, June 26. The increased United States tariff against Canadian products will divert Canada’s trade more and more to' other Dominions, believes Norton Francis (President of Canterbury, New Zealand, Chamber of Commerce), who is visiting Canada and United States studying relations between . farmer and city industry on this continent. rrancis said lie did not think Canada can meet the tariff situation by further raising her own tariff scale, hut should concentrate on increasing her manufacturing and Empire trade. CANADA’S FISCAL POLICY. LONDON, Juno 20. The “Morning Post” welcomes Mr Robb’s statement and hopes Canada will not repent the proposal in which there is nothing unfriendly to United States. The new Tariff Bill raises a wall against agricultural produce lioin British Dominions, and cotton, woollens and other manufactures of United kingdom. The British Empire thus h almost farced to come together in their own defence. It is certainly unlikely to find any oilier way of compensation for the iii'iiry or make an impression United States. The “Daily Telegraph” diplomatic writer states Cabinet is consulting the Dominions in reference to recognition of Soviet Russia. WITHIN THE EMPIRE. OTTAWA, June 27. Spoil king at Sumpbell Ford in Ontario, Mr Bennett, the Canadian Conservative Party Leader, advocated the inter-Empire trade, which would not. work to the detriment of the native industry or imy Empire country. He said that tariff preference was not the best medium to promote trading within the Empire; hut lie favoured a combination of Empire trade with reasonable policy of protection. He said that an extensive■ study ot tin* by-products which each portion ol the Empire has to sell and which each needs to buy should be made. Then a scheme could be formulated under which each would sell to another the things that it produced in excess of its own needs, and could buy from another the things which it did not produce. Through the medium of an economic conference, representing the Empire, which he would summon if he w v ere elected to power, Mr Bennett believed that the nations of the Empire could arrive at a series ol trade agreements which, in clloct would make the Empire an economic unit and yet would not expose the industry of any country to unfair competition from withoiits its own border.