EXTRA EDITION

Hawera & Normanby Star, Volume XLII, Issue XLII, 2 May 1923, Page 7

EXTRA EDITION

BRITISH EMPIRE

POLICY OF PREFERENCE

ADVOCATED BY MR. AMERY

BY CABLE—PEESS ASSOCIATION -COPY KKIIII

Received May 2, 11.20 a.m

LONDON, May 1

Sir L. Amery, in an'article m the .Empire Review on "Men of Empire and .Settlement^ Development," says the real, and indeed the obvious, solution of the problem lies in the wholehearted acceptance by each part of the Empire of the principle of Imperial preference. By it local and Imperial can in every case be safeguarded and mutually harmonised. Sir L. Amery explains that by wholehearted preference he means something more than the present tentative and partial preference. An all-round 50 per cent preference; which would give the Emj^y-e producer an advantage ever the foreigner equal to the advantage enjoyed over him by the Home producer, probably represents the best practical policy to aim at. Whenever taxation -or legislation can give bias in favour ■of ..Empire trade or development over foreign trade that bias should be given. Preference could be given by remitting the stamp duties on transfers, while a serious barrier to finance movements fey exchange fluctuations might be removed by the creation of a uniform currency' system.—Aus.-N.Z. Cable . Assn.