FREE TRADE QUESTION.
ADDRESS TO BUSINESS MEN.
The respective merits of preference and free trade were dealt with by Professor J. P. Grossman in an address to tho Karangahape Iload Business Promotion Society yesterday. The idea of preferential trade was first of all put forward by tlio Dominions, said Professor Grossman, with tho object of giving England a chance to recoup after the loss of trade in foreign markets. The name "free trade " was a misnomer, in any case. It should mean freedom to buy and sell, whereas British frea trade allowed all foreign nations to vend goods in England, while in alien markets she had to fight against protective duties. Free trade was really to-day a system of free imports which gave our rivals a free jruu in our own -market and a monopoly of their own. " The favourite way ...p.f 1 uniting free trade is that when the protecting country enjoys a buyer's monopoly then the cost of import is borne by 1 the foreign producer and not the local consumer," said the speaker. This was both misleading and erroneous. Tho idea that if prices were low in a country that country was prosperous was too absurd for words. It was a matter of relation between purchasing power and price.
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New Zealand Herald, Volume LXII, Issue 19028, 27 May 1925, Page 13
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212FREE TRADE QUESTION. New Zealand Herald, Volume LXII, Issue 19028, 27 May 1925, Page 13
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