THE LORDS' REMEDY
EMPIRE ECONOMIC UNITY
WHOLESALE SAFEGUARDING
British Official Wireless. (Received 22nd.May, 11 a.m.)
RUGBY, 21st May
■■ In the House of Lords a motion, expressing grave concern • regarding the industrial outlook and demanding as tho most immediate and practical remedy; a comprehensive policy of safeguarding of industries against1 dumping and Imperial economic unity, was carried by 103 votes to 20. Lord Salisbury, Conservative leader in the House, supporting the motion, said" that he favoured a greater extension of revenue tariff. He believed that the feeling against food taxes was quite irrational. So long, however, as there were no food, taxes, indirect taxation, whether in the form of safeguarding or otherwise, must be kept within limits because high protection without food taxes was impossible. The Government opposed the motion. Lord Arnold restated the case for free trade, pointing out that the depression was world-wide, instancing the United States of America, whose export trade had declined 20 per cent., compared with Britain's decline of 9.1 per cent.
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Evening Post, Volume CIX, Issue 119, 22 May 1930, Page 9
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166THE LORDS' REMEDY Evening Post, Volume CIX, Issue 119, 22 May 1930, Page 9
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