PREFERENTIAL TRADE.

Timaru Herald, Volume LXXIX, Issue 12112, 6 July 1903, Page 3

PREFERENTIAL TRADE.

(United Press A»ociation —Per Ekctric Telegraph—Copyright. Received 9.40 a.m., July 4th. LONDON, Jul/ 2. Lord -K-osebery Iws elicited from the JJuke of Devonshire that the Cabinet is jjp,w conducting an saquiry into the jsreifs'.entjal trade quostian, and that the Gar bi&et wer.e agreed that the subject is ripe for enquiry. . Lord Oieltf.w, speakitjg at Peterborough, .said he wslcomed the decision of Sii 3£ichael Hickp-Beach's G-'.'niniittee. That was precisely what the Government asked. Unlest the people assented, the new policy would be withdtawn. ©ld protectionist principles were never intended. Received 5.36 p.m., 3Puly 4th. Lord Kosebcry, in referring to the fiscal *em|Tury, charged all the Mifiister* exceptting Mr Chamberlain with levity. >lUcMy*d 5.10 p.nr., "July sth. : .. '. - July 4. Mr Wyndham," speaking at toe .banquet . of. she Conserratiy*: Association," declared his b«li«f that Mr • Chamberlain had impressed "ourselves and our brethren of the coloDjes with a sense of Imperial responsibility and solidarity which had been sadly 'lacking when our opponents were in office. Those resisting the inquiry into the commercial relations of the Empire and foreign countriess, and the questions of transit, decried an open mind." Speaking for himself, he objected to shut his eye, and boldly advocated the policy with an open eye. The Council of the National Union Conservative Associations paused a resolution on the subject of the proposed inquiry into the preferential tariff. The resolution states:—"The Council welcomes an inquiry into the existing tariff .relations, and trusts that the outcome will prove the practicability of a still closer union between the colonies apd the Motherland."