THE BOOMERANG OPERATES

Feilding Star, Volume 2, Issue 317, 22 August 1924, Page 4

THE BOOMERANG OPERATES

And, to use an apt oolloqualism Britain “gets it in. the neck.” It will he remembered that the new Chancellor of the Exchequer in Britain’s Labour Cabinet, Mr Philip Snowden, repudiated the Preference Tariff of his predecessor, Mr Reginald McKenna, whereby Britain’s industries were safeguarded against the dumpings ‘of the cheap surplus wares of rival nations. To-day, whilst not seeing tho error of his inconsistent ways, Mr Snowden the universalist, is kicking against the pricks. The cable-man tolls' us that Mr Snowden expresses fear, for British trade as a result of the proposed .Framoo-Germ'nh 'tariff agreement. The statement suggests that Mr Snowden dissented from: tho Allied agreement regarding default in deliveries and the imposition of sanotions. He states that he is not fearful of Germany’s competition with Britain when she is economically reestablished, but that, under the draft of the. Franco-German agreement Germany is compelled to admit imports from Alsace-Lorraine free of duty, while similar British goods are subject to a high’, tariff. “This is unfair and one-sided to France, and will be disastrous to u"s. The agreement may be forced on Germany by France

as tlie price of release from the French occupation of the Ruhr. Tims Labour is learning that a two-edged weapon really does cut bdth coming and going and that there is such a thing dealt out to Britain*© industries as discriminating bach-handers.