Sixty Years of Progress; And the New Fiscal Policy

Sixty Years of Progress; And the New Fiscal Policy

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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. 1906 edition. Excerpt: ...moral support to the mother-land. CHAPTER VIII TRADE IN NEUTRAL MARKETS In seeking new outlets for our trade with our own Expan sion of possessions, we should look not only to the self-govern-trade with ing Colonies, where we compete with protected local tropicsindustries, certain to become in time as efficient as our own, but rather to those vast regions of the globe where conditions are not favourable to manufacturing industries, and where combined advantages of skilled labour and untaxed food and raw materials have enabled our manufacturers to hold thus far a commanding position. The relative value of the trade of the United Kingdom and the principal protected countries to destinations outside the group may once more be given from the second fiscal Blue-book: Between the temperate zone and the tropics, the exchange of products reaches in value inimitable millions. Improved transportation affords ever-increasing facihties. There are no barriers of protection. The British Colonies and Possessions which require no protection send to us 9 per cent. of our imports, and take 21 per cent. of our exports. The Colonies to which a preferential scheme would apply send 10 per cent. of the imports and take 11J per cent. of the exports of the motherland. If preference is adopted, its benefits must be limited to that section of the Empire which provides one-tenth of the external trade of Great Britain. It must be detrimental to that trade which concerns four-fifths of its imports and seven-tenths of its exports. Trade between the temperate zone and the tropics is, in the fullest sense, for their mutua 1 advantage. The populations of temperate countries are skilled in industries, and capable of sustained effort. Supplies of fuel are abundant. The more

Product details

  • Paperback | 52 pages
  • 189 x 246 x 3mm | 109g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236654862
  • 9781236654861