CANADA AND PREFERENTIAL TRADE.

Press, Volume LXI, Issue 11916, 10 June 1904, Page 5

CANADA AND PREFERENTIAL TRADE.

THE DOMINION FAVOURS THE CHAMBERLAIN POLICY. DEALING WITH DUMPING. United Press Association—By Electrio Telegraph—Copyright. OTTAWA, June 8. In the Canadian Houso of Commons, Mr Fieldirng, the Minister of Finance', delivered his Budget speech. He said that both parties in Canada unitedly support tho Imperial preferential tariffs, but while the question remains a party controversy in England, it would be improper for Canada to obtrude her views. They did not anticipate an immediate triumph for the Chamberlain policy, but were hoping for its ultimate success. Canada would continue preference, but the latter was injuring Canadian industry. The minimum tariff on British woollen goods would -be 30 instead of 23J per cent. / He added that with a view to meeting dumping it was proposed to augment the ordinary duty by the difference between a slaughter price and a fair, market value in the country of origin, such addition not to exceed one-half of the ordinary duty. Mr Fielding referred to the signs of depression abroad, notably in the United States, whence severe competition was expected. Canada's surplus at the end of June was estimated at £3,300,000.