REVERSION TO PROTECTION DOCTRINES.

Inangahua Times, Volume V, Issue 31, 4 March 1878, Page 2

REVERSION TO PROTECTION DOCTRINES.

Another impediment to commerce twid industry, consists in<. tljo tendency of Hovenil European Stages tc revert to- ihe obsolete doetrino of proteotion. The German. Chancellor lino. lately favored an increase of duties*, on* competing foreign products, nnd tho Austrian manufacturers olamour for protection. S|>nin proposes by a forced construction of treaties to deprive England of tho privileges of the most- favored-n ation, and B wi' Borland' attempts to exclude Ku^lUJi eoimnodilios from tho market. Any extension, of the ! Russian dominions will increase area wliioh is almost closod to foreign-, oom-meroo ; .anil in Homo of the English Colonies Legislnj (mros returnc.l bj working men nro hent ou tho ■diuoourntfomen't ol'tr»«lo wit]t'Kn>c.* ] jsti manul'aeturovs, under pres-meat home and abroad, are beuinnintf to waver in their adherence to sound economic prinBiplos. Moro tlinn one eminent politician linsj.coiiflequonlly, thought, it necessary to expound in public- the cardinal principles on which modern. Knylisli legislation is based. Notwith-Undirtf occusioiml defection from tl«o true econ«miin faith, thoro U no dimmer of recurrence- to tho theories I of reciprocity whion were current thirty or forty years uijo. Tlicuuomalioa which', nro involved in commercial treaties are moro fully understood since it Ims appoar,o(l that they tend to- counterinnco and confirm tho prejudices of foreign counfcriesj The expiring trent>ea- will probably be ronowod, if tho other contracting parties abstain from, requiring additional rcslric tions ;. but probably no English M-inistor will consent to an increase of foreign tunffj fbr purposes of protection, tiiou^h lie may , not bo oble to prevent pervcrso legislation ' by foreign Stntes.