PREFERENTIAL RATES.

Wanganui Herald, Volume XXXVI, Issue 10667, 11 June 1902, Page 2

PREFERENTIAL RATES.

Speaeh by Sir Mlohael HlekaBeaoh.

Press Association— Telegraph— Copyright Beceived June 11, 0.33 a.m. LONDON, June 10. Iri"the"House of Commons, Sir William Harcourt asked .Sir Michael HicksBeach if the corn tax was a step to- , wards preferential 'trade with the colonies-.,. Sir Michael- Hicks-Beach said, it was introduced as a war revenue tax, because it was necessary to permanently enlarge the area of indirect taxation. He ridiculed the notion, that the duty would preclude a Customs union by the Empire "upon a protectionist basis. He disclaimed the interpretation of Sir Wilfred Laurier, the Canadian Premier, of the object of the. tax. Freetrade throughout the Empire did not necessarily involve the imposition of duties as against foreign nations, but if we could secure freetrade with the colonies, even some sacrifices in that direction might be made. Such freetrade was not at present possible. The, Governments policy was not to impose duties against foreigners, but to help to make trade with the Motherland and the colonies freer. , ' 'k-n . m .i.,lm«iit. in fmfour at H— **t»g the tarn tax for tho yasx was Begs* tived by a majority of 63. • { ' The Standard, commenting on the speech, understands Sir, Michael HicksBeach refers to the TMssiMlity of obtaining an all-round reduction in duties for. goods from one British port to another, i

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