EMPIRE TRADE

Evening Post, Volume CVII, Issue 25, 30 January 1929, Page 12

EMPIRE TRADE

AN INVERTED PYRAMID

LIMIT OF PREFERENCES

ERA OE AGREEMENTS

United Press Association—By Electrlo Trtt-

crtph—Copyright Australian Press Association.

(Eeeeived 30th January, 2 p.m.)

LONDON, 29th January,

"Empire trade at present resembles an inverted pyramid, and the only way to place it on. a proper foundation is to make Britain the main market of Dominion produce," said Sir Benjamin Morgan at the Empire Society's luncheon, specially referring to fruit, in which he pointed out that the Dominions faced the competition of the Levant, where the standard of living was extremely low. The Levant supplied CO to 70 per cent, of Britain's requirements. Sir Benjamin urged that Britain should assist the Dominions' higher standard of living. He gave it as his belief that Empire preferences had almost reached their limit, and should bo replaced by reciprocal commercial agreements. He regretted that the South African agreement with Germany was prejudicing Britain's position 1. He emphasised that Britain must consolidate her position by agreements with the Dominions before tho Dominions entered into foreign agreements.