FUTURE PROSPERITY

Evening Star, Issue 22327, 1 May 1936, Page 9

FUTURE PROSPERITY

CONTROL OF TARIFFS PITFALLS TO BE AVOIDED Press Association—By Telegraph—Copyright, LONDON. April 29. Taking tlie larger view of Empire trade relations, Mr S. R. Beale, president of the Association of British Chambers of Commerce, at the annual meeting, said his personal view was that it would be unreasonable to expect anything but a gradual and continual change. He agreed that there would be dislocation if the dominions were suddenly to encourage an increase of manufactures beyond their economic powers, while Britain suddenly increased agricultural production at a high cost, but experience showed that every young country found it necessary to develop manufactures. “ Let us hope that all the dominions will now realise the risk of raising the cost level unduly by high tariffs and uneconomic manufacture. But if this pitfall is avoided the general result of economic manufacture in a new country is an all-round rise in the standard of living, an increase in the demand for manufactures, and a general increase in world trade.” The problem was to control the change as gradually as possible. Then there would be less of the present dislocation and more future prosperity.