COMES IN CYCLESIN

Gisborne Times, Volume LXXXIV, Issue 12867, 22 May 1936, Page 5

COMES IN CYCLESIN

PROSPERITY IN TRADE. WHAT BRITISH CHANCELLOR HOLDS. INTERESTING REEERENQES TO AGRICULTURE. ifj.F A. by Elec- Tel. Copyright). (Received May 21, 11 p.m.) LONDON, May 21. During a general debate on the Finance Bill in the House of Commons, Mr. Lambert, niged the Government not to neglect agriculture. . Ho continued: ‘‘The Dominions said ‘You can roly on us. but the Dominions were not philanthropists and would get all they could for their products.’ ” Mr. Lambert asked the Government to use tariffs >f necessary against , the Dominions and say : ‘‘lt you tax our manufactures, we will tax overseas foodstuffs.”

Sir Alan Anderson believed the time was coming when the world would lu* ready to make n combined effort for the restoration of international trade.

Mr. N. Chamberlain agreed that British taxation was at a high, even an undesirable, level, but he was

afraid high taxation was going to bean unavoidable evd for some time to come. The expenditure was continually mounting. Moreover, he accepted the principle that trade prosperity came in cycles. “We must,’ he said, ‘■anticipate the lime when trade activity - will diminish instead of be increasing us at present.’'