Digest of the Evidence Given Before the Royal Commission on Coal Supplies (1901-1905)

Digest of the Evidence Given Before the Royal Commission on Coal Supplies (1901-1905)

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1907 edition. Excerpt: ...the vorld, so that during that year the requirements for shipping artificially created by the war had the effect of drawing on the English market for an excess supply of coal. He agreed that, to a certain extent, would be correct; but, assuming it to be correct, it absolutely established the correctness of the proposition he had laid down, because comparing English coal with German coal in any foreign market, if you had a large trade in 1900 which had dropped in 1902, and if in 1900 you had an artificial demand for your coal in another market, lclearly the evidence ought to have been in that year to haveidrawn it away from your foreign market. In 1900 we had a large trade. With that the German coal competed, and our trade had to a considerable extent gone in 1902. Therefore, assuming the English price was forced up artificially in 1900, that ought to have diminished our hold on the foreign market, and ought still more strongly to point the argument he had put forward. The object of taking that year, from his point of view, was to see, apart from other causes, whether the incidence of the tax had affected our trade in a competitive market. Now 1900 was the year to go to for that purpose. There ce1tainly were special circumstances in 1900 which made the demand for coal, not only here, but in Germany and everywhere, and our export of coal in 1900, greater than it was in the years preceding or succeeding that; but that simply arose from the fact that 1900 was a year in which the world required a considerable quantity of coal; but that did not affect the ability of the two competitors to compete in a common market. There was a greater demand in every market for coal at that time from all pa1ties. The demand in England in 1900, surely, was much greater...
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Product details

  • Paperback | 90 pages
  • 189 x 246 x 5mm | 177g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236583728
  • 9781236583727