TARIFF USELESS.
AID TO AGRICULTURE.
Regulation Urged By British Minister. DRASTIC WEAPON NEEDED. (British Official Wireless.) (Received 12.30 p.m.) RUGBY, May 28. The Parliamentary Secretary to the Ministry of Agriculture, Earl de la Warr, in a speech at St. Edmund's, said that agriculture was now in the forefront of the political and economic field. On the international side, it had become clear that a weapon much more drastic than tariffs was needed.
Tariffs had no effect against the export bounty, nor against the fall in foreign exchanges. If stocks were overcharging the market and had nowhere else to go, tariffs were again useless.
Moreover, tariffs coidcl not stabilise the quantity of goods coming on to the market, and therefore could not stabilise prices. Direct regulation of quantity alone could deal with these factors.
Bacon imports from foreign countries last November were definitely cut by about 15 per cent and had since been further reduced. So effective was that action that the wholesale price of English bacon had risen from £3 15/ per cwt to over £4 15/.
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Bibliographic details
Auckland Star, Volume LXIV, Issue 124, 29 May 1933, Page 7
Word Count
177TARIFF USELESS. Auckland Star, Volume LXIV, Issue 124, 29 May 1933, Page 7
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