INDUSTRIAL OUTLOOK.
CONCERN IN THE LORDS. DEMAND. FOR SAFEGUARDING, GOVERNMENT DEFEATED. (Official Wireless.l (Received May 22, 11.45 a.m.) RUGBY, May 21. In the House of Lords a motion expressing grave concern regarding the industrial outlook and demanding as a most immediate and practical remedy a comprehensive policy of safeguarding of industries, anti-dumping and Imperial economic unity, was carried by 103 votes to 25. Lord Salisbury, in supporting the motion, said he favoured a greater extension of the avenue of tariff and believed the feeling against food taxes was quite irrational. So long, however, as there were no food taxes, indirect taxation, whether in the form of safeguarding or otherwise, must be kept within limits, because high protection without 'food taxes was impossible.
The Government opposed the motion. Lord Arnold re-stated the case for free trade, pointing out that the depression was world wide, instancing the United States of America, whose export trade had' declined 20 per cent, compared with Britain’s decline of ceafc, ___ ■ - -,
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Waikato Times, Volume 107, Issue 18026, 22 May 1930, Page 5
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163INDUSTRIAL OUTLOOK. Waikato Times, Volume 107, Issue 18026, 22 May 1930, Page 5
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