BRITAIN’S FISCAL POLICY.

Star (Christchurch), Issue 17192, 8 November 1923, Page 11

BRITAIN’S FISCAL POLICY.

NEWSPAPER COMMENT. By Telegraph - Press Association—Copy r, K fct Australian and N.Z. Cable Association. LONDON, November 7. Tin* •• Datlv Express, ” defining its attitude on Mr Baldwin’s proposals, Firstly, where any British industry is manifestly being destroyed by foreign dumping, it ought to be protected immediately, but, so far, there is no satisfactory proof of industries scale justifying a general tariff. Secondly, to carry Protection, without real preference, is to rob the tariff movement of its .soul, and also of its ultimate success. There must be pref ere nee on wheat and meat: which the Government so lar refuses. The Daily Express” believes that. “ iollowing the collapse of European markets. a new economic entity for our export trade must be found largely within the Empire But this market cannot lie consolidated without a sweeping measure of Imperial preferTbo Press generally, scarf from strictly party organs, awaits fuller details of Mr Baldwin's programme. To the meantime there is much speculation on the attitude of Mr Lloyd (George. Mr Winston Churchill and l>ord Birkenhead, which is not yet known. Mr Neville Chamberlain, Chancellor of the Exchequer. speaking at Glreat Harewood. said: “ Wo intend offering the dominions security in the British market to enable them to place orders i for locomotives and machinery, and to ' take more settlers. It is the prospect of the new dominions market which 1 will decide the Government’s policy. I That matter is now being developed in the Economic Conference.”