BRITISH TRADERS PLEASED WITH BUDGET PREFERENCES

Star (Christchurch), Issue 17832, 28 April 1926, Page 9

BRITISH TRADERS PLEASED WITH BUDGET PREFERENCES

DOMINIONS WILL BENEFIT, THEY SAY. By Telegraph.—Press Assn.—Copyright. " Sydney Sun** Cable. (Received April 28. 12.30 p.m.) LONDON, April 27. British and Dominion traders are delighted with the Budget proposal to stabilise preferences for ten years, considering it removes the annual fear of alteration, or revocation, which previously has been the greatest deterrent to the fullest exploitation of the Empire's commodities. Mr Ben Morgan said: “It means an enormous advance in the development of preferences, and will justify the employment of greater capital in Empire industries, resulting in an expansion of inter-Empire trade.” The motor trade points out that the extension of the M’Kenna Duties to commercial vehicles will assist the development of exports, which will be fufthep stimulated if petrol instead of horse-power is taxed in 1927 as profoised, resulting in the mere extensive manufacture of long-stroke engines Suitable for PofiTinion requirements.