Cries in a crisis for statesmanship popular and patriotic to test and contest free-trade in our manufactures. With an appendix containing the French treaty, the French shipping bounty scheme, and many illustrative extracts
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able admit adopted advantage allowed amount become benefit better bounties Britain British called carry cent Chamber of Commerce coal colonies commerce competition considerable considered continue cost course Customs demand desire difference direction doubt duties effect empire employed employment England English enter equal established exports extent fact favour foreign France free-trade French further give Government greater hand House import impose increase industry interests iron labour less Lord manufactures markets materials matter means natural negotiations object obtained Parliament patent paying persons political population ports position practically present principle production profit proposed protection question regard require result silk sols spirit sugar supply tariff tion trade treaty United Kingdom wages whole wine woollen yarns
Էջ 130 - The only case in which, on mere principles of political economy, protecting duties can be defensible, is when they are imposed temporarily (especially in a young and rising nation) in hopes of naturalizing a foreign industry, in itself perfectly suitable to the circumstances of the country.
Էջ 128 - There may be good policy in retaliations of this kind, when there is a probability that they will procure the repeal of the high duties or prohibitions complained of. The recovery of a great foreign market will generally more than compensate the transitory inconveniency of paying dearer during a short time for some sorts of goods.
Էջ 128 - There seem, however, to be two cases in which it will generally be advantageous to lay some burden upon foreign for the encouragement of domestic industry. The first is, when some particular sort of industry is necessary for the defence of the country.
Էջ 139 - Plenipotentiaries, that is to say : Her Majesty the Queen of the United Kingdom of Great Britain and Ireland...
Էջ 129 - A country cannot be expected to renounce the power of taxing foreigners, unless foreigners will in return practise towards itself the same forbearance. The only mode in which a country can save itself from being a loser by the revenue duties imposed by other countries on its commodities, is to impose corresponding revenues duties on theirs.
Էջ 130 - A protecting duty, continued for a reasonable time, will sometimes be the least inconvenient mode in which the nation can tax itself for the support of such an experiment.
Էջ 144 - In case neither party gives notice, twelve months before the expiration of the said period of ten years, of its intention...