TRADE WITHIN EMPIRE

Sun (Auckland), Volume I, Issue 123, 15 August 1927, Page 8

TRADE WITHIN EMPIRE

A CANADIAN VIEW BRITAIN AND TARIFF WALLS By Cable.—Press Association. — Copyright• NEW YORK, Saturday. In a speech at the conference of the Institute of Politics at Williamstown. Massachusetts, Professor Heaton, of the Queen’s University, Canada, discussed the economic relations of Britain with the Dominions.

Free trade between the various parts of the Empire was, he said impossible, because the Empire was not an economic unit. It was often more convenient for a Dominion to buy goods from a neigh-

bouring country, as Canada did from the United States, than from another far distant uart of the Empire. Although all the Dominions gave preference to British goods, they were committed to a programme intended to build up their own industries, and they had begun to errect tariff walls, which were aimed primarily at the British manufacturers.

Britain no longer has her former great volume of capital available for overseas investment, so the Dominions were borrowing more and more from the United States, or raising loans internally.—A. and N.Z.