The Edinburgh Review or Critical Journal

The Edinburgh Review or Critical Journal

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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. 1846 edition. Excerpt: ...Parlia-' ment have hitherto graciously secured them;' and they intimate a loyal fear, that ' should the inhabitants of Canada, from ' the withdrawal of all protection to their staple products, find that ' they cannot successfully compete with their neighbours of the United States in the only market open to them, the) will natu-' rally and of necessity begin to doubt whether remaining a portion ' of'the British empire will be of that paramount advantage which ' they have hitherto found it to be.' On the inconsistency of not extending the same principle to other colonies, see Lord Howick's speech in the debate on Mr Hull's motion, 8th May 1845--Hansard, vol. 80, p. 333. In cases where a purely artificial branch of production has been created by fiscal legislation, the cessation of which is demanded by the general welfare, it would be harsh and unjust to make a sudden change, without any regard for the interests which hare been called into being by the act of the government. A striking instance of an artificial industry of this kind, created by protecting duties, (not indeed in favour of colonies, but against them, ) is afforded by the beet-root sugar of France. After the existence of this manufacture for some yearsj under the shelter of protective duties, it was found that the loss to the revenue, and the high price to the public, were no longer tolerable, and it was decided to put an end to the system. It was first proposed to give a compensation of forty million francs to the growers of beet-root, ' and to prohibit the home manufacture; but it was ultimately thought preferable to adopt a gradual change, and to raise the duty on home-made sugar by annual increments, until it reaches the duty on colonial sugar. This transition began in August 1844,show more

Product details

  • Paperback | 232 pages
  • 189 x 246 x 12mm | 422g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 123667099X
  • 9781236670991