BRITISH FISCAL ISSUE.

New Zealand Herald, Volume LX, Issue 18551, 8 November 1923, Page 9

BRITISH FISCAL ISSUE.

- ♦ — GUARDED PRESS fOMMENT. PREFERENCE, THE I|EYSTONE Australian and N.Z. Cable Association. (Reed. C.a Op.m.) LONDON, Nov. 6.

The Deily Express, defining its attitude toward Mr. Baldwin's fiscal proposals, says: " Firstly, where any British industry manifestly is being destroyed by foreign dumping, it ought to be protected immediately, but so far there is no satisfactory proof that industries are being destroyed in this way on any scale justifying a general tariff. Secondly, to carry Protection without real Imperial preference is to rob the Tariff Reform movement of its soul and its ultimate success. There must be preference on wheat and meat which the Government so far refuses.

The Daily Express believes that following -the collapse of European markets a new economic entity for Britain's export trade must be found largely within the Empire, but this market cannot be consolidated without a sweeping measure of preference within the Empire.

Tho press, generally, apart from strictly party organs, awaits fuller details of Mr. Baldwin's programme. In the meantime, there is much speculation concerning the attitude of Mr. Lloyd George, Mr. Winston Churchill, and the Earl of Birkenhead, which is not yet known.

Mr. Neville Chamberlain, Chancellor of the Exchequer, speaking at Great Harewood, said: "We intend to offer the Dominions the security of the British market to enable them to place orders for locomotives and machinery and to take more settlers. It is the prospect of new markets in the Dominions which. will decide the Government's policy now being developed at the Economic Conference."

FARMERS DISCONTENTED. PROTECTION ALSO WANTED. A. and N.Z. LONDON, Nor. 6. Evidence of the difficulties likely to be experienced by Mr. Stanley • Baldwin in carrying out a policy of protection witlwut taxing food was furnished by a resolution at a meeting of the Central and Associated Chambers of Agriculture, in London, protesting against the unequal treatment of agriculture foreshadowed in Mr. Baldwin's speech at Manchester. The chairman, Lord Strachie. declared that if tho Prime Minister's suggestions were carried -ut, agricultural interests would bo sacrificed to the interests of the manufacturer. t

TO CHAMPION FREE TRADE. INVITATION TO LLOYD GEORGE. A. and N.Z. LONDON, Nov. 6. Lancashire Free Traders have invited Mr. Lloyd-George to reply to Mr. S. Baldwin's speech at Manchester.