THE BUDGET SPEECH.

Nelson Evening Mail, Volume XLI, Issue 306, 1 December 1906, Page 2

THE BUDGET SPEECH.

OPERATION OF PREFEREHJE. A NEW DIFFERENTIAL TARIFF. (Received Dec. 1, 0.20 a.m.) . OTTAWA Fridny. Mr W. S. Fielding, Dominion Minister of Finance, in de'vering t!jc Canadian Budget, anticipated that he wonld close the present fiscal year with a surplus of 13,000,000 tiollnrs. P.-i ference to the Motherland would b^ on the whole larger on the new prefo-ence tariff than before. Mr Fielding announced the introduction of art inlti mediate tariff somewhat bebw the general and considerably abovo the preferential, and ultimately intended for for. reciprocity negotiations with other countries, after ascertaining the extent of their concessions. He proceeded to show that preference to the Motherland had benefitted the consumer to the extent of 28,000,000 dollars in the period of nine years. The new Canadian tariff contains 1209 items. Important chan.y-s are made in the iron and steel dirt -s, generally in favour of the British producer. The bounties for Cciadian pig iron and steel are retained for tour years longer.