NOTES AND COMMENTS

Te Aroha News, Volume XLI, Issue 6441, 22 January 1924, Page 4

NOTES AND COMMENTS

PROTECTION IN COWARDICE “THE statesmen of the world have said: “We must keep our foreign goods.” France and America have put up duties to prevent goods goingin, and in preventing goods going in they are preventing thejr own goods going out. Clearly, that is not the way. We must read the lessons of the. last hundred years, and we will see that is not the way. The breaking of the exchanges is due to the lack of statesmanship. The remedy is to admit goods and to create trade. We must pursue a brave policy, and not a, policy of cowardice. Physical barriers to trade have been removed, and if the nations only remove fiscal barriers the way will be opened to prosperity. The world is a great family, of nations, and each can contribute something for the well-being of the others. . . The policy of Protection is one of cowardice, and if we follow it we are condemning our nation and Empire to destruction.” — Sir George Palsh, late editor of the Economist.