IMPORTS TO BRITAIN.
MANUFACTURED GOODS. PROPOSED TEN PER CENT. DUTY. LONDON, August 13. Although the "Financial News strongly opposes a proposed British tariff of 10 per cent, on manufactured imports, it says the real attraction to the Government would be the revenue of £75,000,000 which probably it would produce. , , It is most unlikely, however, that the plan' will be adopted unless the Chancellor of the Exchequer, Mr Philip Snowden, is removed from that ofhee, and of that there is no sign at present. The tariff proposal has been placed before the Government by Mr H. D. Henderson, an< assistant-secretary ot the Advisory Economic Council, the "Financial "News," which discusses it in a leading article, describes it as a red herrng, but admits that this would be "superior to a piecemeal tariff system, which always opens the way to malpractices and lobbying by interested parties." The paper contends, however, that it is a thoroughly bad method of general taxation, and says it hopes the Government will not adopt this "dangerous experiment, which will make little difference to unemployment."
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Bibliographic details
Ashburton Guardian, Volume 50, Issue 269, 27 August 1930, Page 5
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177IMPORTS TO BRITAIN. Ashburton Guardian, Volume 50, Issue 269, 27 August 1930, Page 5
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