M’KENNA DUTIES
DEBATE IN THE COMMONS. SPEECH BY THE CHANCELLOR. FOSTERING IMPERIAL PREFERENCE. Prwu Aaaoofation —By Telegraph—Copyright LONDON, May 7. (Received May 8, at 7.40 p.m.) In the House of Commons m the debate on the report stage of the M Keuna Dutis Bill Mr Winston Churchill ndmuled the suggestion that the duties raised the question of protectioil or free trade. Ahe duties were practical measures for raising revenue, without injury to industries. Ihe Budget consisted of a series of balances. The silk tax paid for the remissions on the earned income. The execution of the pledges to the dominions in regard to Imperial preference would cost from £l/100,000 to £1,500,000. The MlKenna duties this year would just pay for this. Next year they would pay for these remissions, and give an additional million, which the Government purposed giving to foster Imperial trade with Great Bn k'xhe Labour amendments were defatted, and the report stage on the M‘Kenmv duties were completed.—Renter.
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Otago Daily Times, Issue 19475, 9 May 1925, Page 9
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161M’KENNA DUTIES Otago Daily Times, Issue 19475, 9 May 1925, Page 9
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