FREE BOOKS

Author's List




PREV.   NEXT  
|<   205   206   207   208   209   210   211   212   213   214   215   216   217   218   219   220   221   222   223   224   225   226   227   228   229  
230   231   232   233   234   235   236   237   238   239   240   241   242   243   244   245   246   247   248   249   250   251   252   253   254   >>   >|  
simply revenue duties, though that on beer has undoubtedly helped large and profitable colonial breweries to be established. English free-traders accept as an axiom that Customs duties cannot produce increased revenue and at the same time stimulate local manufactures. Nevertheless, under the kind of compromise by which duties of fifteen, twenty, and twenty-five per cent. are levied on so many articles, it does come about that the colonial treasurer gets his revenue while, sheltered by the fiscal hedge, certain colonial manufactures steadily grow up. The factories of the Colony now employ some 40,000 hands, and their annual output is estimated at ten millions sterling. Much of this would, of course, have come had the Colony's ports been free; but the factories engaged in the woollen, printing, clothing, iron and steel, tanning, boot, furniture, brewing, jam-making, and brick and tile-making industries owe their existence in the main to the duties. Nor would it be fair to regard the Colony's protection as simply a gigantic job managed by the more or less debasing influence of powerful companies and firms. It was adopted before such influences and interests were. It could not have come about, still less could it last, were there not an honest and widespread belief that without duties the variety of industries needful to make a civilized and prosperous nation could not be attained in young countries where nascent enterprises are almost certain to be undercut and undersold by the giant capitalists and cheaper labour of the old world. Such a belief may conceivably be an economic mistake, but those who hold it need not be thought mere directors or tools of selfish and corrupt rings. The Colony will not adopt Free Trade unless a change comes over the public mind, of which there is yet no sign; but it is not likely to go further on the road towards McKinleyism. Its protection, such as it is, was the outcome of compromises, stands frankly as a compromise, and is likely for the present to remain as that. So long as the Provinces lasted the General Assembly had little or nothing to do with land laws. When, after abolition, the management of the public estate came into the hands of the central authority, the regulations affecting it were a bewildering host. Some fifty-four statutes and ordinances had to be repealed. Nor could uniformity be substituted at once, inasmuch as land was occupied under a dozen different systems in as ma
PREV.   NEXT  
|<   205   206   207   208   209   210   211   212   213   214   215   216   217   218   219   220   221   222   223   224   225   226   227   228   229  
230   231   232   233   234   235   236   237   238   239   240   241   242   243   244   245   246   247   248   249   250   251   252   253   254   >>   >|  



Top keywords:

duties

 
Colony
 

revenue

 

colonial

 

factories

 

industries

 

belief

 

public

 
protection
 
making

twenty

 

compromise

 
simply
 

manufactures

 

corrupt

 
selfish
 

change

 

directors

 

thought

 
undersold

undercut

 

capitalists

 
cheaper
 

enterprises

 

countries

 

nascent

 

labour

 

mistake

 
economic
 
conceivably

compromises

 

bewildering

 

affecting

 

regulations

 

central

 

authority

 

statutes

 

ordinances

 

systems

 

occupied


repealed

 

uniformity

 

substituted

 
estate
 

management

 

present

 
remain
 
frankly
 

outcome

 

attained