MR GOSCHEN.

Waikato Times, Volume XXXVI, Issue 2894, 31 January 1891, Page 2

MR GOSCHEN.

COLONIAL TAXATION ON BRITISH GOODS. THE BARING IUIOS. FAILURES.

(UY KLBCl'iaC TELKGKAI'H.— COI'YUIUHT.) Loni>on\ January 2'J. iSi'EAKi.N'G at Leeds, Mr Goschen, Chancellor of the Exchequer, said he •would be glad if it wis possible, to persuade the Colonial Governments to modify the extreme attitude taken up by them with regard to tho taxation of British goods imported to Australia". , Referring to Messrs Banns; Bros, disaster, lie said that a fearful financial catastrophe risking the disposition ot London as a. banking centre was only averted by the skin of the teet-h, and this was mainly due to the signal service of "MV Lidderdalo, Governor of the Bank of England. The banking reserve was. lie thought, inadequate, as compared with the gigantic liabilities, and lie said (he banks were devising some scheme by which to strengthen til fir vosrrvos, so sis to prevent international panics. Tie warned the banks and public of the enormous interest, paid in proportion to reserves licbl as deposit. Mr Goscheii declared himself opposed to the issue of one pound bank notes, unless means were taken to prevent the expulsion of gold.