THE FISCAL ISSUE.

Taranaki Herald, Volume LIII, Issue 12861, 20 May 1905, Page 2

THE FISCAL ISSUE.

United Press Association.— By Electric

Telegraph.— Copyright. London, ; Ma;

(Adverting to the discussion of tho late Lord Salisbury's liscal views, Colonel Deniston, a Canadian, writes to The Times that Lord Salisbury, between IS9O and 1592, corresponding with him relative to tariff reform and preferential tariffs, declared ho would) $a very glad if he saw' any immediate hope of a modilreation of the British tariff. He considered the 'main difficulty lay in the people's real aversion to the hn'posit'ion of duties on articles of first necessity. Vhe people, he considered, did not comprehend that the maintenance io£ the Empire might depend upon liscal legislation^ but were led away by the more unreasoning* and uncompromising advocates of free trade. •

Sir Henry Campboll-Bannorman, addressing the Council ot the National Liberal Federation of 'Newcastle, urged the rcA-ival of the old programinif, adapted to the' altered circumstances.

Loiidon, May 19.

The Morning Post declares there .is reason to think that iihe Clianiib'erlalnBalfour negotiations failed to bring a commlon policy much nearer, though it to some extent cleared the air.