THE FISCAL QUESTION
EFFECTS OF •'DUMPING." THE BEGINNING OF VERY GREAT CASUALTIES. LONDON, Dec. 4. \fr Bradford states that one of the Ebbwvale mills, employing 750 persons, which worked for 100 years, closed owing to "dumping." The Monmouthshire Steel Tin Plate Company at Pon-tymister, employing 800 to 100 persons, notifies .its intention to close for the same reason.
Sir Grant Duff, in a letter to a correspcmaent, regards Mr Chamberlain's proposals as the beginning of very great calamities. Even Mr Balfour's mikler policy is very dangerous. Mr Hill, British commercial agent in America, warns British traders that there is every indication of enormous over-production by America, whose exports to British possessions are increasing in greater proportion than British. American exports to South Africa increased by • r )6 per cent, si'nee 1901. Received 6, 9.25 a.m. LONDON, Dec. 5. American steel billets are offering in .Lancashire at.£3 16s per ton, which is £1 below the maximum Home quotations. The iron merchants of the Clyde are arranging for extensive importations of Canadian iron.
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Taranaki Daily News, Volume XXXXV, Issue XXXXV, 7 December 1903, Page 3
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171THE FISCAL QUESTION Taranaki Daily News, Volume XXXXV, Issue XXXXV, 7 December 1903, Page 3
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