PREFERENTIAL TRADE.

Timaru Herald, Volume LXXXIX, Issue 13099, 6 October 1906, Page 5

PREFERENTIAL TRADE.

STATEMENT BY MR DEAKIN. NEWS THAT doMES TOO LATE.

United Press Association—Per Electee Telegraph—CopyrightReceived 11.42 p.m., October sth. MELBOURNE, October -5. Speaking of the South. African Reciprocity Treaty, Mr Deakin, the Federal Premier, said that it was with deep regret that lie informed) the House that the Treaty with New Zealand had failed to obtain acceptance, by the people of that colony. The telegraphed reports of the objections were very brief, so he took it that they were merely the gist of those objections. He was in a position to say these, objections were in the mind of the late Mr Seddon, who mentioned tliem, to the Federal Ministers, as from the point of view of New Zealand -making the Treaty jess attractive, but Mr Seddon accepted them as a. sacrifice New Zealand would make Tinder the Treaty for. 'other advantages. It was with a clear appreciation! of the loss of revenue involved by these proposals, that Mr Seddon set his signature to the Treaty. Mr Deakin said he mentioned this matter in- justice to Mr Seddon. It was with a full and clear view of all the circumstances that Mr Seddon threw the great weight- of his knowledge aid reputation into the scale in: fa- . vour cf the Treaty.