EMIRE TRADING SYSTEM

Taranaki Daily News, 16 July 1929, Page 9

EMIRE TRADING SYSTEM

THE PLEA OF FREE TRAD DANGER OF GRAND PROPQSI I VALUE OF PRESENT SCHEM By Telegraph—Press Assn.—Copyright. | Australian Press Association. | Received July 15, 8.50 p.m. . I London, July 15| Discussing Lord Melchett’s plea | free trade within the Empire, the Mol ing Post says: “We desire to say J thing to discourage Lord Melchett'l Lord Beaverbrook, but they will fl difficulty in persuading the DominiJ entirely to sweep away from our. fa our tariffs upon which they depend a both revenue and protection for youl industries. “What we hoped for was md modest and to the Dominions lei alarming, a continuous widening of t present system of preferential trade. “We suggest to Lord Melchctt a Lord Beaverbrook that while they a arguing for something grandiose we a in peril of losing something of su value that other nations would give the eyes to possess it. --. A; “We enjoy a favoured position $ the most hopeful and most expansr markets of the world. What the a vantage will be worth when these va territories are more closely populati and fully developed goes beyond o arithmetic.”