FISCAL REFORM.

Taranaki Daily News, Volume XLVI, Issue 54, 8 March 1904, Page 2

FISCAL REFORM.

LONDON, March 4. ! The Standard says that Mr Dea- ! kin's (Federal I'lemiei) announcement regarding reciprocal prefer' ences represents the high-w&tor marfc of a colonial enthusiast,, but, as Lord Jtosebery has ou>|*tt.sißcdi thw Ci.innumwealth Uo.vwmnent commands tho support of only one-third ot the Legislature, Tho Times says, the fact that tt\t> two parties are able together »e» outvote Mr Denkiu adds signilkanc* It" the declaration by Mr J)eaki», who must. V;o,o\y that ho is assured ol support beyond the limits of his own, party, otherwise probably ht> i would have abstained from so' u»icoiuproniising a declaration. In the House o£ Commona, the ; 'tight Hon. a. J. UaUour (Prlm» .Minister), in reply to a question bjr j»lr aiucXeij, denied that he had suitomitted to the Cubiiiut, with no.tus "is insular free trade pamphlet ■*• jirolection. lie nddeoUhot ne hud never advocated protection in or out of the Cabinet. In the House of Lords Earl Heauchamp raised a short debate on the hscul issue. He took it from the J nrcmis oj Lunsdowne's statement ,'1 J\". ( ;" Vtf, ' , I ,mc » t w »a »ot pro-. I'oMiig Mi- (.lmmberlMn'u programme • \iscount (,«>«heu said that for miv m existing ties. His own ™ew w£ that preference would not £d£ the effects Its author deriß