PREFERENTIAL TRADE.

Wanganui Chronicle, Volume XXXXVII, Issue 1278, 27 November 1903, Page 5

PREFERENTIAL TRADE.

United Press Association—Copyright. LONDON, November 25. The Duke of Devonshire, continuing, said a brake on important locomotives was more than ever lkicessary now that the enginedriver had alighted and allowed another to Ik. .^j his placi>. That other was running ac mil speed against all signals. (Cheers.) "1 will not particioate in a po icy founded on inversions of fact./ All chamberlain has calculated to a farthing the effect of his proposals on workers' food, but ignores the enhanced cost of their indispensable articles. I assert, what I believe to be a moderate estimate, that the proposals will entail a loss to the consumer of do and possibly 50, millions, and in return the revenue might gain gradually a diminishing eight millions, with a subsidy of.2£ millions from the colonies, while India will receive nothing. I find no trace of a definite offer on the part of the colonies. Viscount Goschen moved and Lord George Hamilton seconded "the meeting's readiness to consider any Government proposals to mitigate the effect of hostile tariffs, but offering strenuous opposition to any policy involving taxation of food or the establishment of a general preferential or protective system." Viscount Goschen said they resisted Mr Gladstone in his political revolution and so they would, he hoped, successfully resist 'another great statesman, equally impetuous, who wanted to. rush the country into a fiscal revolution. The resolution was carried with practical unanimity. ... Mr Asquith, speaking at Barnstaple, declared that the tin-plate trade was a perfect indication for Freetrade. Ho challenged the production of evidence to show that any British industry of any 'magnitude had been ruined by dumping. The Liberals yielded to none in patriotism, bub declined to be duped by phrases and fallacies into undermining the foundations of our wealth and strength. -