GENERAL APPROVAL

Rotorua Morning Post, Volume 1, Issue 142, 8 February 1932, Page 5

GENERAL APPROVAL

(Official I^eiess),,

STIMULUS AND CONFIDENCE

RtJGPY, Saturday. ' '•• The Chancellor of the Exchequer's ekplariation of at, "system ,.of moderhte protection, s'cientificaily adjusted to the needs of indiistry and agriculture" was 10 per cent. on all imports witli certain exemptions both here imd in those countries which Rave benefittej from the open markets tvhieh Britain hitherto has extended tb thq world. Tlie complete. schedule 6f iniported . goods to be exempted from the i0 per cent. ,duty which will come into force op Tuesday, March T wili remain undisclosed until the Tariff Bill is discussed riexfc: week. Foreign barley, maize and oats will, however, be taxed as well as foreign fiour. Other items. on the free. list Will be: Meat (including bacon and fresh fish of British taking) , raw cottbn, wool and tea, with the reservation that it may or may not he iaxed next budget. The promotion of tariff agreements with other countries . is a prospect which the Govei'hmeht hopes to see fully availed of, but great fetress is placed upon the, oportunity for the advfincement of an imperial ecbnomic partnership. ... > Received With 'CHeers «■•••'- > Loud cheers greeted the Chancellor'^ announcement that n'eithei* the general tariff nor the new sjiecific dutibs to be passfed ' oh the' recoiilmendations of the Advisory Coiiiitiittee would apply to goods froiii ihe Dominions, at least pending the resiilts • of the Imperial Conf erence at OttAwa iii July, aiid that iall produce from the cblbhie'sj- prbtectoiAte'b,- an'd mandated territories would also be exbmpt. In the subsequent debate Sir Herbert Samuel tSecretary. of State for Hom'e Affairs), as an alternative advocated the fofihatibii of an ihdustrial coniinissioh to' fr'ame reorganisation, scheines, p'eii'ding which hb was prepared to giv'e a mea'sUre of prbtection on ihe iines coiiferred by the Dyestuffs' Act. Except' fbr the geileral tariff he supp'ort'e'd the Govefnmerit's agricultural policy, while he was prepared tb acc'ept protectibn dS a pi'eans to reorgaliis'atioii, h'e wotlld rejeci it as an end in itself. Qpinions in tKe Press The GbVernmeni'^ ptoposals were fav'outably rebeived by their supporters. ' " The Times says: "The certainty of their measure bf bi'otfeciipn against competitors less heavily baiidicapped should give our . industries stimulus and confidence. They need it, and it rests with them to.justify the great experiment which the Governnient is making and tp make it ihe beginning of a real revival of British prosperity. .. . * . • • The New Chronicle Daily Herald and. the Manchester Guardian. voice free trade criticisms and declare that the state of tariff countries is not such as.to justify Britain's plung-es intq proiection. , The . Daily Mail . considers the Goernment has mad© splendid contribution to prosperity- and approves ef the flexibility bf the proposals. The Daily Express sees in them the birth of Empire free. trade.