Word: wheat
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Dates: during 1930-1939
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...Britain the right of free entry for all natural products of the Dominions. Great Britain's tariff law enacted last March had imposed duties against foreign goods with the provision that these duties could be applied to the Dominions after next November. Mr. Bennett wanted a market for Canadian wheat, dairy products, poultry, lumber. Mr. Bruce wanted a market for Australian frozen meat. For this pair poky Mr. Baldwin was no match. Before they were through with him Britain had committed herself to five years of free entry for Dominion foodstuffs (except the Irish Free State's) at the expense...
...wheat into Britain profitably Mr. Bennett needed two things: 1) a preferential tariff; 2) protection against "dumped" Russian wheat. The first was not easy but it was against the latter provision that Mr. Baldwin and his colleagues fought longest and hardest. Russia is a good customer of Britain for manufactured goods. She must sell Britain something to have money to buy those goods. Finally Mr. Baldwin promised that Britain would prohibit the entry of any state-controlled commodity sold so cheaply as to destroy Dominion preference (i. e. at less than world prices). Mr. Bennett wanted the word shall used...
Great Britain?Canada. Quids: 1) free entry for five years to all Canadian products now duty free, reserving the right to impose duties after three years on dairy products; 2) preference to Canada by imposing duties on foreign dairy products, certain fruits, unwrought copper (2d. a lb.), wheat (25. a quarter, or 6¢ a bushel); 3) continuation of the 10% ad valorem duty on foreign timber, zinc, lead, asbestos, fish (Canada had wanted the tariff on timber increased); 4) a ten-year extension of the preference on Canadian tobacco...
Britain reserves: the right to remove its tariff on foreign wheat, copper, zinc and lead whenever Canada cannot supply them at world prices...
Great Britain-Australia? Quids: 1) Free entry of frozen meats for one year, provided the imports do not exceed those of 1932. 2) Tariff preferences similar to those granted Canada on wheat, dairy products, fruits, copper, zinc, lead and asbestos, wines...