Word: ottawas
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...will be to increase the volume not only of Empire trade but of World trade" .Equally sure of itself, the Liberal News Chronicle declared "the net result of the Conference is to increase not diminish trade barriers." To U. S. citizens the question was: How much will the twelve Ottawa agreements cut down U. S. exports to our two best customers, the United Kingdom and Canada...
...everything from smug satisfaction among British steel men last week to dismal gloom in the textile area, where mill owners said that under the new schedules they will have no advantage in competing with Canadian mills. Bitterly textile men recalled that the Mother Country's Chief Delegate at Ottawa was Stanley Baldwin of Baldwin's Ltd., famed British steel & iron works. In return for Canada's "favors" (such as they are) Great Britain will take an historic step, abandoning her sacrosanct principle of a "Free British Meal Table" (no tariffs or insignificant tariffs on foods). Under...
...Dexterity" Obviously both U. S. farmers and U. S. manufacturers will lose by the new deal between Mother Britain and Daughter Canada, a deal typical of the eleven other Ottawa deals. Last week U. S. Department of Commerce experts were instructed to refrain from guessing how big this loss will be. The Department's able Dr. Julius Klein stressed the "dexterity"with which U. S. manufacturers have often surmounted foreign tariff barriers by developing new products. Preliminary estimates by U. S. economists in London were that about $200,000,000 worth of U. S. exports will come within...
Midnight Schedules. Under Canadian law rich & pious Conservative Premier Richard Bedford Bennett was able to put Daughter Canada's new schedules into immediate effect one midnight last week, though the Canadian Parliament cannot ratify the Ottawa agreements before this week at the earliest...
...London poor & pious National Prime Minister MacDonald deemed it prudent not to put the Mother Country's new schedules into effect until after a fulldress debate in the London House of Commons, sitting this week. If he takes part in this debate (necessarily defending his government and the Ottawa agreements) Scot MacDonald will thus signalize his complete and final break with Socialism to which all tariffs are anathema...