THE CANADIAN BUDGET.

Taranaki Daily News, Volume XLVII, Issue 81898, 3 December 1906, Page 2

THE CANADIAN BUDGET.

BENEFITS OF PREFERENCE.

Ottawa, November 30. . Mr Fielding, delivering the Canadian Budget, anticipated that at the close of the present fiscal year there would be a suiplus of thirteen mi.lion do lais. Preference to the Motherland would be on the whole larger under the new preference tariff than before. He announced an intermediate tariff somewnat below the general and consideiab.y above the pielerential, and ultimately intended tor recprocity negotiations with other countries after ascertaining the extent of their concessions. He proceeded to show that preference to the Motherland had benefited the o3nsumer to the extent of 28 million dollars a peiiod of nine years. Tha new Canadian tariff contains 120Q items. Important changes are made iu the iron and stee: duties generally iu favour of the British producer.' Bounties on Canadian pig iron and steel will be retained tor four years longer. *•

MANUFACTURERS DISAPPOINTED,

Received 2nd, 4.38 p.m. Ottawa, December I. Dominion manufacturers are dispointed with the tariff, which, they de'ektre, does not encourage new industries and does not oppose increase of protection against tho United States.