Excerpt from The Free-Trade Movement and Its Results
Lord Beaconsfield once remarked that "Protection was not only dead but damned The remark seems likely to be disproved; we are threatened with a revival of the whole Free-trade controversy. The events which have contributed to this prospect are several, (i) An agitation of many years against the Continental sugar-bounties has culminated in a convention by which bounty-fed sugar will be excluded from Great Britain, to the admitted loss of British consumers. (2) The heavy burden of expenditure entailed by the South African War led in 1902 to the reimposition of the Corn Duty after fifty-six years. Financial exigencies and an attempt to place taxation on a broader basis were the arguments for the measure; it was, however, interpreted by Protectionists as a recantation of Free-trade doctrine and the beginning of a new era of protection, and great was their disappointment when the tax was in the following year repealed as no longer necessary. By its supporters the incidence of this duty, yielding ^2,500,000, was variously assigned to foreign exporters, shippers, merchants, &c., but was declared to have no effect on consumers. The Chancellor of the Exchequer, however, in repealing the tax, maintained that it fell upon the poorest classes. (3) An alarm in some quarters respecting the supply of food in case of war has led to the appointment of a Royal Commission to enquire into the subject.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. Это и многое другое вы найдете в книге The Free-Trade Movement and Its Results (Classic Reprint) (G. Armitage-Smith)