THE EMPIRE’S TRADE.

Gisborne Times, Volume XXVII, Issue 2448, 12 March 1909, Page 5

THE EMPIRE’S TRADE.

DISCUSSION AT THE COLONIAL INSTITUTE. REPLY TO CRITICS OF THE COLONIES. United Press Association —Copyright. (Received March 11, 0.80 p.m.) LONDON, March 11. Bon. Morgan, special commissioner of the Manufacturers si-woci?.-tion of Great Britain, who recently visited Australia, read a paper before the Colonial Institute on the Empire’s trade. It was. in-the shape of a resume of his official report. He said it was the imperative duty of the British Government to encourage the employment of British capital- within the. Empire. Only by so doing could the Empire be made self-supporting within a reasonable p&Sjibtl. Mr. Henry Birc-henough, director of the British South Africa Company, who presided, expressed the hope that a steady policy--jor the defence of the be developed, competing with people who were bending their wnole enei,gy to the defence of their.trade. Mr. Taverner ridiculed Mr., R. JWilson’s gross misstatements in the ■‘•lnvestors’ Review,” and the .allegations tfjat Victoria was stagnant and that Ute colonies lived on borrowed money. He showed that \ictoiia s 1L bility to English investors had been ieduced by seven millions stilling in three years.