TAXATION OF FOODSTUFFS.
Prqts Association. Electric Telegraph Copyright. London, July 13. Sir H. Copeland, New South Wales Agent-General, in a letter to the Standard, compares the experience of England of the corn tax which has just been suppressed with the experiences of Victoria and New South Wales under different economic policies, with a view to showing that preferential duties would not appreciably raise the cost of food.
The tariff, Sir H. Copeland considers, should be capable of being lowered or suspended according to necessity.
One principle affirmed in the Tariff Act, he says, should be the provision of an import duty upon foreign wheat, of, say, two shillings, with a rebate on colonial wheat of a shilling, thus being slightly advantageous to the United Kingdom.
Britain might then make progressive increases in the following years to four shillings, with a rebate of half-a-crown in favor of colonial, and with the duty on flour slightly above that on wheat.
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Bibliographic details
Marlborough Express, Volume XXXVII, Issue 166, 15 July 1903, Page 2
Word Count
158TAXATION OF FOODSTUFFS. Marlborough Express, Volume XXXVII, Issue 166, 15 July 1903, Page 2
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