OPPONENT OF TARIFFS

Poverty Bay Herald, Volume LIX, Issue 17957, 8 December 1932, Page 4

OPPONENT OF TARIFFS

AN ENGLISH^VTE WPOINT BRITAIN AND WAR DEBTS Although the British Government has recently adopted a protectionist policy, the belief is still generally held in England that tariffs must eventually strangle trade, according to Mr. A. Kay-Men/.ies, a Lancashire business man, who has arrived at Auckland on a holiday visit. “Although we are all hoping to see a stronger Imperial bond come into being as the result of the Ottawa Conference, we in England are not really enamoured of tariffs,’’ Mr. Kay-Menzies said. “If the countries of the world would only realise that a lowering of tariff harriers would increase the flow of trade the way would he open for permanent economic improvement.” In spite of the fact that the, country was off the cold standard England today was probably in the host position of any country in the world, Mr. KavMenzics continued. There was no desire on the part pf Croat Britain nob to meet her debt obligations to the United States. Americans would doubtless see before long the wisdom of an all-round reduction ip debts. The suggestion that Britain’s December' instalment should be paid in silver was worthy of consideration. as the adoption of a silver standard would certainly assist in promoting better trade.