THE IMPERIAL FISCAL ISSUE.

Evening Post, Volume LXVI, Issue 136, 5 December 1903, Page 5

THE IMPERIAL FISCAL ISSUE.

EFFECTS OF DUMPING. STEEL AND TIN-PLATE WORKS CLOSED. [PItESS ASSOCIATION.] (Received December 5, 8.54 a.m*) LONDON, 4th December. Mr. Brailsford states that one of tho Ebbw Vale's mills, employing 750 hands, and which has worked, for 100, years, has been closed Owing to <ho dumping of steel in England. Tho Steel Tin-Plato Company at Pontymister, employing from 800 to iOOO men, notifies its intention to close for the same reason. OVER-PRODUCTION IN AMERICA. EXPORTS TO mTITISH POSSESSIONS. (Received Docember 5, 8.64 a.m.) LONDON. 4th December. Mr. Bell, British commercial agent in America, warns British traders that there is every Indication of an enormous overproduction In America, whoso exports to British poKsessionft aro increasing in greater proportion than the British. The Amcricau exports to South Africa have, he Rays, increased 56 per cent. ninco 1901. Sit M. 0. Grant Duff, ih a letter to a cotTesporidont, says that ho regards Mr. Otiambdrlnin's proposals as tho beginning of very great calamities. Even Mr. Balfour's milder policy won hi, he says, be very dangerous. MR. RITCHIE'S COMMENTS. LONDON, 4th December. The Right Hort. O. T. Ritchie (late Chancellor of the Exchequer), speaking at Groydon, (aid there was nothing in Mr. B »i four's policy opposed (o freotrnd*. It was ridicUions for Mr. Chamberlain to assert that his policy meant higher wages and more work. It wad absolutely childish to Mk the colonies not to start competitive industries. He htul no doubt that foreign tariffs wero a great impediment to trade. He would not givo any Government or Minister the right to remit or imposo taxation. Unless they wero prepared to tax food he was not sure retaliation would be effective. It was certain that protection vranld result in dearer food and higher taxation. GERMANY'S ATTITUDE. BERLIN, 4th December. Tho Bill outlined by Count yon Bulow confers favoured treatment on British colonies, apparently including those conceding preference to Britain. This moderation is attributed to a desire not to play into Mr. Chamberlain's hands.