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PREFERENTIAL POLICY.

LONDON, April 30. Outlining his preference proposals, the Chancellor admitted that he could not disclose a really large policy. His task was only to give effect to the decfarations of the Imperial War Cabinet and War Conferences. The present range of Customs duties was not widq but could be made wide enough to develop Imperial trade: It was a snxaii beginning, but he predicted that many members would see a really wide structure erected. It was necessary to bring Customs ink* line with (Excise where the latter existed, because preference must not be granted at the expense of the home producer. They must also remember the interests of the Allies.

Therefore, as a general rule, preference must be by reduction only. Seven ger cent would be remitted on sugar received from Empire sources only and 2 per cent on tobacco of the Empire's production. Sugar and. tobacco could bo largely developed. The preference on sugar equalled 4s per cart and ion tobacco 13d per Ib. He was grateful for the opportunity of introducing proposals with, which his father's name was associate*!.

Mr W. Adamson (Labour) following Mr Chamberlain,, said the Budget disappointed Labour because it involved fresh loans, reduced the Excess Profits Tax and .included Colonial Dereference. The workers would not continue to carry the present burdens of 'taxation while profiteers were allowed to retain unpatriotic gains. The profiteers ought to be compelled to disgorge. The Government should control electricity, transport, and other public services. Sir Donald Maclean (Liberal) opposed Imperial Preference. Mr Chamberlain replied that there this opposition. Resolutions were would be an opportunity'later'to voice adopted authorising the tea, beer and other duties.

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https://paperspast.natlib.govt.nz/newspapers/AG19190502.2.19.3

Bibliographic details

PREFERENTIAL POLICY., Ashburton Guardian, Volume XXXIX, Issue 9599, 2 May 1919

Word Count
276

PREFERENTIAL POLICY. Ashburton Guardian, Volume XXXIX, Issue 9599, 2 May 1919

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