RECIPROCAL TRADE.

Otago Daily Times, Issue 15064, 10 February 1911, Page 5

RECIPROCAL TRADE.

CANADA AND AMERICA. ■THE TAPER DUTIES.

Press Association—By Telegraph—Copyright

NEW YORK, February 8,

CongTess is likely to endeavour to amend the reciprocity agreement. The papermakers believe that the United Stales may be compelled to admit paper free before Canada reciprocates. Tho Committee of Ways and Means in the House- of Representatives admits that there u> such a danger.

Mr Knox, Chief Secretary of State, when approached by the manufacturers, declared that the paper schedule was merely tentative. If it were possible, he said, that a change in the schedule could ba mado without affecting the treaty that probably would bo done.

PRESIDENT TAFT'S INTENTIONS.

WASHINGTON, February 8.

Mr Taft anounoes that he will call an extra bcesion of Congress if the Reciprocity Bill is not patsod by the present Congress,

EFFECT ON BRITAIN.

DISCUSSION IN PARLIAMENT.

LONDON, February 9. (Received Feb. 9, at 9.55 p.m.)

Speaking in the House of Commons, Mr Austen Chamberlain said the Cana-dian-American agreement was the most conclusive instance of the value of a tariff for the purpose of commercial negotiations. It- would have a far-reaching effect, and would take Canada out of the Imperial orbit and draw her into the vortex of foreign politics. The agreement would hasten the process in the United States of throwing land out of wheat cultivation and into other forms of cultivation. owing to Canadian wheat supplies, and it would result in dearer food and also an enormous stimulus to stockraising in the United States, which would be placed in a more favourable potation to secure Canada's vast T€sources. There was more urgent need than ever for Britain to coma to terms with the other dominions beforo they were beset by foreign suitors. Mr Buxton (President of the. Board of Trade) declared that the Government still believed that preference would bo injurious to Britain and to the Empire, Had preference been in force Canada, would liavo had to consult Britain. Local interests would have been arranged against British interests, and have brought the chain binding the Empire almost to snapping point. Only per cent, of tho British imports to Canada were affected. Seeing that America was a corn-exporting country the more Canadian wheat that America imported tho more American would come to Britain, thereby lowering the price. Mr Joseph Chamberlain, in a letter to the Tariff Commission, says he cannot help feeling that Canada has been rather premature. She might have waited for t!i{. Imperial Conference. Tho ratification of tho agreement will mean a radical change in the policy of Canada, which has hitherto been independent and rational. Jlr Chamberlain adds that the fight for tariff reform must be carried on with unabated vigour. KEEN INTEREST IN AMERICA. NEW YORK, February 9. (Received Feb. 10, at 0.50 a-m.) Reciprocity is declared to be the greatest political question of the hour in tho United States. President Taft's statement regarding an extra session is likely to cause tho Senate to yield. CANADA AND BRITAIN. OPENING FOR PREFERENCE. OTTAWA, February 9. (Received Feb. 10, at 0.50 a.m.) The Hon. Mr Fielding status that the Canadians view with alarm the statements in the British press that reciprocity will be detrimental to trade between Canada and Britain. The right to arrange British preference is unaltered, and no discrimination has been made favouring the United States.