CANADIAN BUDGET.

Feilding Star, Volume I, Issue 131, 1 December 1906, Page 2

CANADIAN BUDGET.

i ♦ (Pt Electbio Tblbobaph — Coptbioht] ' [Pbb Pbbss Assooiation.] l (Received December Ist, 9.30 a.m.) , Ottawa, November 30. Mr Fielding, in delivering the [ Canadian budget, anticipated that they would close the present fiscal ' year with a surplus of thirteen mil- , lion dollars. Preference to the Motherland would be, on the whole, larger ' under the new preference tariff than ; before. He announced an interme- [ diate tariff somewhat below the general and considarably aboye the pre- [ ferential tariff, and ultimately # in- , tended for reciprocity negotiations with other countries, after ascertaining the exact extent of their concessions. He proceeded to show that pieference to the Motherland had benefited the consumer to the extent of twenty-eight million dollars in a period of nine years. The new Canadian tariff contains 1209 items. Important changes are made in the iron and steel duties, which generally favor the British producer. Bounties on Canadian pig-iron and steel are* retained for four years longer.