Word: tariff
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After he left, the meeting became a free trade demonstration, but Mr. Lloyd George is obviously tempted by the vote-getting possibilities of tariff proposals...
...matter of expediency Conservative Leader Stanley Baldwin came out with a new statement modifying his acceptance last fortnight of the Empire preference tariff scheme proposed to the Imperial Conference by Canadian Prime Minister Richard Bedford Bennett (TIME...
...vital point in Canada's proposal is that Great Britain should put a tariff on now-Empire goods of all sorts but especially on wheat, which Canada wants to sell to the Mother Country. Last week Mr. Baldwin, without directly saying so, definitely implied that he will not stand for this tariff on "foodstuffs" which would raise the price of British bread...
...would provide that Britain guarantee to buy hereafter a certain percentage of her grain and other foodstuffs from the Dominions, a larger percentage than she buys at present. Such a guarantee is not a "tariff" but, if feasible, it would give the Dominions all they expect to get from a foodstuff tariff, namely, a chance to sell England more food...
...only this scheme were feasible it might solve very prettily the Labor party's problem of how to appease the Dominions and win reciprocal trade concessions from them without embarking on a tariff policy to which so many Laborites are opposed -but in London last week several Dominion representatives called the Snowden scheme a "quack panacea," expressed the belief that it envisions a form of interference with the laws of supply and demand by "meddling quota boards" so complex as to be unworkable...