Papurau Newydd Cymru

Chwiliwch 15 miliwn o erthyglau papurau newydd Cymru

Cuddio Rhestr Erthyglau

11 erthygl ar y dudalen hon

-. THE FREE TliADE EIGHT.

Newyddion
Dyfynnu
Rhannu

THE FREE TliADE EIGHT. THEKF, is no more niuuet^tnil Conservative or^an hi the country than the Standard, even if°there be othei-3 which have the power of commanding much support. This is due to the fact the Standard has always pre- served a certain independence, and has even at critical times opposed the acts of to whom in general it gave adhesion. Hence the fast* that last week it formally notified to Mr. Chamberlain its inability to follow him in his new crusade is of the utmost significance. It means that in the coming light a powerful section of the electorate, the upper nviddle class, will !.e divided into two political camps, and that those who for more than a generation have solidly yoterl for Conservative measures will, during the Free-Trade simple, be a disunited and confused force. "The country," says the /Standard, "will not stand the proposal to im- pose protective taxes on the food of the masse. When Mr. Chamberlain sprang hi policy upon the country the Slaiviard preserved an attituue of friendly neutrality, and its decisive condemnation of the last few days reveals more than anything else the trend of feeling. IN the interests of the party tho Standard would, while opposing a protective tH:, nimg itself so far as to accept a revenue tax on com, and countervailing duties against bounty- fed imports of manufactures. There jp. we fancy, not the slightest possibility that Mr. Chamberlain will accept this compromise; but even if he did it would be the duty of Free Traders to oppose the suggested policy as resolutely as they are resisting the scheme already before the country. The beginning of Protection is as the letting out of waters. Indeed, we are already told by Colonial advocates of a 2s. duty on foreign corn that although small, and probably useless for the purpose of encouraging Colonial grain imports, it would break down the barriers and make it a simple matter to increase the duty in after years. The appetite for Protection grows by what it feeds on; and the history of Protectionism in every country shews tho facility with which a mere registration fee becomes a small duty, and the small dnty in turn becomes a protective tar ill. Realising this, it behoves Free Traders to refuse all parley or compromise. THOSE Conservatives who, like the Standard, would not be averse from accepting a small duty on foreign grain, in the hope that Mr. Chamberlain would accept it as a substitute for the larger proposals which he has outlined, are reckoning without their host. The Colonial Secretary is not the kind of man to beat a retreat in the opening stages of the fight. Rightly or wrongly, he has convinced himself that he has the bulk of the Unionist forces behind him, and that by beating the Imperialist big drum with sufficient energy he will be able to silence the objectors within the ranks. By relying on the potency of patriotic sentiment on the one hand, and by appealing to the latent anti-German feeling en the other, he is, by all accounts, convinced that he has a popular cause. How large a part sounding phrases are to figure in his campaign has already been shewn by his adroit use of the "dumping" argument. To commercial men "dumping means nothing more than the keen competition of foreign imports at unusually low prices; to the class to whom Mr. Chamberlain appeals it suggests unfair commercial methods, and an organised attempt to deprive the British workman of employ- ment in the home market. "Dumping," in brief, has no terrors for the British manufac- turer, who, as Mr. Hugh Bell of the Clarence Steel Works has shewn, is quite able to take care of himself; but Mr. Chamberlain believes that the working class may bo toi-rilied by the bogey. THE truth is that "dumping," or the un- restricted importation of foreign material, is of the first degree of importance to some of our staple industries, as Mr. Chamberlain has probably already discovered. For example, were it not for the free importation of the cheap foreign metal which is the raw matt rial cf our shipbuilding industry, it is demon- strably certain that the vast shipbuilding yards of the Clyde, the Tyne, and the Tees would be in a very different position. How essential it is that British shipbuilders should be able to command the cheapest material possible is shewn by a statement of the Neue .Freie Pre&ac of Vienna, to the effect that a British firm has sent in the lowest tender for a new ship which the Austrian Lloyd is about to build. A Trieste yard is endeavouring to wrest the order away from England on the cround that the material is inferior, a conten- tion which is in all probability untrue. Had it not been for the low price of steel plates in England, due to our open market, where would the English firm have been in this competition against the "protected Austrian firm THAT a few firms of iron and steel makers in England would not be averse from being pro- tected against dumping goes without say- ing. A duty on German and Belgian imports would have the immediate effect of sending up prices, and thus enabling them to increase their profits at the expense of those manu- facturers to whom iron and steel is the raw I material of their industry. Last year an attempt was made in the Northern iron trade to maintain prices against the shipbuilders, who, had these tactics succeeded, must have raised their tenders for foreign shipbuilding orders, and thus have lost a vast amount oc work giving employment to thousands of hands. But the policy of the iron firms was frustrated by heavy German supplies, which forced prices down and enabled shipbuilders to accept foreign orders upon profitable terms. It is easy to understand why Sir Thomas "Wrightson, M.P., deplores the effects of dumping on the North Eastern Steel Works of which he is a director; but, as we have seen, steel is only the raw material of the vast engineering and shipbuilding industries, which would soon decline were prices to be artificially raised against them. THE whole question raised by those who join in the outcry against dumpingis whether particular producing interests shall 'be conceded the right to exact profits from the great body of the consuming public. If that demand be conceded the next step would be the building up of the huge trusts, syndicates, and cartels which flourish in every" protected" land. There is 110 dumping in the United States those who cry out there are the unfortunate consumers, who have no option but to buy in a closed market. Similarly in Germany there is no "dumping," but we may see from the report of the British Consul-General at Frankfort how industries are strangled and trade driven to England and Holland by the determination of the syndicates to keep up prices at all costs. If we wish to avoid these evils we shall continue to have due regard in our fiscal policy to the interests of the consumers.

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