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"'-THE TARIFF QUESTION.

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THE TARIFF QUESTION. MR. CHAMBERLAIN'S FEARS. Mr Chamberlain, writing to the Sun on "Tariff Reform and Imperial Union," says :— The working people of this country are more deeply concerned in the question than any other class of the community. Their existenoe depends upon their employment, and it is no satisfaction to them to know that the returns form the income tax are constantly increasing if their employment is at the same time diminishing. Other countries are prospering under the one-sided system which leaves us open to their competition while they close their doors to the produots of British industry, and while our investments abroad may provide a sufficient return to the capitalists who make them, tkey tend directly to a transfer of employment from this country to our rivals and competitors. The position can be altered by a change of taxation. which would involve no increase in the cost of liv- ing or additional burden upon the working classes, and I am convinced that the material interests of the majority of the population would be served by such an alteration as that which I have advocated. I do not, however, base by appeal on material interests alone. I believe that the working classes are eminently alive to the importance of Imperial union, so that in the future we may maintain our position in the world, and if we are not to sink into the condition of a fifth-rate State we must co- operate with our kinsmen and fellow-subjects abroad in the effort to unite the Empire by bonds of interest as well as of sentiment. On both grounds I confidently appeal to the working classes, and gratefully acknowledge that my trust in their intellitrence and patriotism has hitherto been amply ustified. I wish all success to the enterprise which is about to develop and axplain the policy on which I firmly believe our future as a nation entirely depends." DUMPING IN THE STEEL TRADE. THE EBBW VALE COMPANY'S EXPERIENCE. Mr Chamberlain forwards to the Times for publication a letter from Mr Joseph Brailsford, chairman of the Ebbw Yale Steel, Iron, and Coal Company, with the remark that 11 it furnishes a practical answer from one of our greatest ezperts to the extraordinary statements of Sir William Harcourt and Mr Asquith on the subject of dumping. Mr Brailsford, says the correspondent of a Lon- don paper correctly states that Newport is at present the port at which the greatest quantity of German steel is imported, nearly 200,000 tons having been discharged since the commencement of the present 3 ear, and that it is used by the manufacturers in South Wales and Monmouthshire as also in South Staffordshire and the Birmingham district, for rolling into sheets and converting into corrugated iron sheeting, tinplates, rivet rods, wire, and other things, the difference in pi ice between German and British steel being from 5s to 7s 6d a ton. Mr Brailsford denies that the steel is sold here at a fair commercial price based on the cost of manufacture. Those who favour the present system scrupulously ignore the fact that the German price is fixed by an enormous number of trusts (independently altogether of cost) composed of Belgian and German makers, who in turn consti- tute a huge ring or 'cartel' to maintain their own home prices; that their home price is enor- mously higher than their English selling price; that a tariff wall of 30s per ton secures them in this home price, and their surplus products can be remuneratively sold in England at less than cost; that an elaborate pooling arrangement exists by which all the German makers contribute from their excessive home profits to a common fund from which a tonnage allowance is made for all eteel sold abroad at less than cost; that the fact of England's trade being unprotected is at once the cause and oblect of the ring's creation and the sole reason for its success; and, finally, that it is only a matter of a few more months (it has already continued for over three years) before the English steel makers will be crushed out of existence and the Edglish market will be at the German's mercy." The Ebbw Yale Company, Mr Brailsford says, are fairly typical of other large South Wales makers. They possess and work their own coal, having their own small coal ready for coking on the spot. They make their own coke; they smelt their own pig iron they convert it directly into steel, and roll their own billets and bars. They have an output of upwards of 3,000 tons of finished steel per week, and employ some 3,000 men in their iron and steel departments alone, exclusively of the collieries. They produce finished steel in the shape of ingots,' billets, and bars, rails, sleepers, channels, angles, &c. Virtually their finished materials re- presents four distinct trades or manufactures. During the last few years the Company have held their own by keeping their mills employed to their utmost capacity, by the variety of their manu- facture, and by the crumbs of busis • B which the foreigner has left them-, but have done so at a profit which would be regarded as an inadequate one upon any one of the four industries carried on to produce the finished eteel. Girders and structural steel of ull kinds are ex- ported from Belgium and Germany to nearly every English town, including such steel centres as Sheffield and Middlesboreugh. Finished steel buildmgs are now being erected by German manu. facturers in Manchester and elsewhere. The Staffordshiie market has been invaded by German light steel plates for galvanising at about- zCl per ton below Staffordshire and North of England prices; large plates 6ft. in length from 14 to 10 gauge selling at £6 5s per ton delivered at Birm- ingham, as against X7 and upwards for Stafford- shire qualities, large contracts being under negotia. tion. Our st« el trade is not only going-aud going rapidly,-but a great deal of it has gone already. It is, however, oisly during the last three and a half years that the German and American competition has developed and become systematised. THE EXPORTS OF CANADA. The 1ast. ocean-going steamship sailed on Saturday, closing the season's navigation from the por,t of Montreal. The statisticB of the shipments of Canadian products, chidly to Great Britain, show large inct eases in cheese, apples, flour, cattle, sheep, and corn, and large decreases in butter and all grains, with the exception of barley, compared with last year.IkThe value of the cheese exported is estimated at upwards of 20,000,000 dollars, and of the butter at 3,750,000 dollars. The cattle exporters declare that their shipments, which amounted to a total value of 9,000,000 dollars, were carried on at a loss. The apple trade this year proved exceptionally remunerative for Canadians, 761,345, packages being shipped to England, or 254,400 more than last year. TRADE RETURNS FOR CANADA. The following offieial trade Returns for Canada for the Fiscal year 1902-1903 were issued on Tuesday :— Increase over 1901-2. Dollars. Dollars. Total exports 225,849,725.15,209,438 Total imports 223,790,516.31,008,921 Dutycollected. 37,110,354. 5,684,822 Exports to Britain 131,202,321.13,882,100 Imports from Britain 58,896,901. 9,690.839 Exports to United States 71,783,924. 586,240 Imports froniunited States 137,605,195.16,790,445 Value of dutiable goods imported under Pre- ferential Tariff treatment 37,614,505. Duty collected on these 7,069,692. Duty collected on dutiable goods from the United States 17,069,881.

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