Fiscal facts and fictions : a strictly commercial view of the tariff problem

Fred. G. (Frederick George) Shaw

Description

M h ij .!> M"t)l'J s^i^^^ LIBRARYTHE OF THE UNIVERSITY CALIFORNIAOF LOSANGELES /J y^^?i,H:e/^ , — U^/iy^'^TZot^f^*^^rZ^^M. AND FICTIONSFISCAL FACTS SAME AUTHORBY THE EMPIRE'S SALVATION-THE AND THEIR TAILS.COMETS criticisms see end book,For press of FISCAL FACTS AND FICTIONS Cointnercial Diew of tbc ZlaritfH Strictly problem FREDERICK SHAWG. P'ellow Geological Society; Assoc. M. Inst. C.E. Member Minekaloc.ical ; Society; Meiiher North of England Inst, of Mining and Engineers, etc.Mechanical AUTHOR OF ' Light,''The Empire's Salvation,' CoHiets and their Tails, and the Gegenschein 'The PsEUDOMORiHic Theory of the Witwaterskand Conglomerates,' ' The Chinese Question,' etc. LONDON BAILLIERE, TINDALL AND COX 8, HENRIETTA STREET, COVENT GARDEN 1904 lA/l ri^/iis reserz'£if] Printed for the Author crU 1> PREFACE Postulates. The United Kingdom is essentially a commercial country, maxim shouldand the that 'exports pay for imports' uj is therefore an axiom which needs no explanation. Thewisdom and the force of this axiom must be evident^ 877 Total ... ;£'382,553,699 * On this basis, which the Inspector-General regards as a conseivative one, it would appear that there has been a total loss during the ten years of3^203,000,000, as the result of misdirected and unsuccessful company enterprise, besides on vendors'£179,000,000 shares.

Sujets

• Great Britain
• Commercial policy
• Tariff
• Protectionism

Informations

• Publié par: les_archives_du_savoir
• Nombre de lectures: 4
• Langue: English
• Poids de l'ouvrage: 11 Mo

Extrait

PREFACE Postulates. The United Kingdom is essentially a commercial country, maxim shouldand the that 'exports pay for imports' uj is therefore an axiom which needs no explanation. Thewisdom and the force of this axiom must be evident^ 877 Total ... ;£'382,553,699 * On this basis, which the Inspector-General regards as a conseivative one, it would appear that there has been a total loss during the ten years of3^203,000,000, as the result of misdirected and unsuccessful company enterprise, besides on vendors'£179,000,000 shares." />

M
h
ij .!>
M"t)l'Js^i^^^
LIBRARYTHE
OF
THE UNIVERSITY
CALIFORNIAOF
LOSANGELES/J
y<^i>^^?i,H:e/^
,
— U^/iy^'^TZot^f^*^^rZ^^M.
AND FICTIONSFISCAL FACTSSAME AUTHORBY THE
EMPIRE'S SALVATION-THE
AND THEIR TAILS.COMETS
criticisms see end book,For press ofFISCAL FACTS AND
FICTIONS
Cointnercial Diew of tbc ZlaritfH Strictly
problem
FREDERICK SHAWG.
P'ellow Geological Society; Assoc. M. Inst. C.E. Member Minekaloc.ical
;
Society; Meiiher North of England Inst, of Mining and
Engineers, etc.Mechanical
AUTHOR OF
' Light,''The Empire's Salvation,' CoHiets and their Tails, and the Gegenschein
'The PsEUDOMORiHic Theory of the Witwaterskand Conglomerates,'
' The Chinese Question,'
etc.
LONDON
BAILLIERE, TINDALL AND COX
8, HENRIETTA STREET, COVENT GARDEN
1904
lA/l ri^/iis reserz'£if]Printed for the AuthorcrU
1>
PREFACE
Postulates.
The United Kingdom is essentially a commercial country,
maxim shouldand the that 'exports pay for imports'
uj is therefore an axiom which needs no explanation.
Thewisdom and the force of this axiom must be evident^
<
_
with reference to a nation whose wealth is dependent onS
Zj
her commerce.
But it does not become an imperative law to a nation
having sources of wealth Other than her commerce, for
affordshe can to buy more than she sells so long as her
(O
purchases do not exceed her total income.^
A nation must, however, lose commercially w'hen the
value of her imports exceeds the value of her exports,
this excess may be paid for from her otherfor although
CD sources of wealth, still, as regards her commerce, this
excess is a direct loss.§
^ If the excess is continually increasing, while her income
not increasing in due proportion,is either stationary or
then a nation's solvency is threatened.
If the excess is greater than her external sources of
V^H\y^A C\vi PREFACE
income, is obliged to use her capital and sell herand she
securities to meet these liabilities, her position is indeed
serious.
It may become apparent to others that this is the
position of the United Kingdom, and that unless this
ever-increasing loss in our external trade is stopped, and
a serious attempt made at once to balance our imports
by our exports—as all other nations are most success-
fully striving to do—the future position of this country
'will become worse, and It is no good learning to swim
when your ship is sinking.'
Questions.
Are we not daily becoming more and more unable to
obtain from our own people the necessities of life ?
Arewe not daily depending more and more on foreigners
for the necessities and luxuries of life ?
What must be the result of this dependence ?
'Have you not heard the Italian proverb : He who
on another man's table often dines late '?depends
Have we given our people every encouragement to cater
for us ?
Do we give foreigners greater advantages than we give
our own people ?
that if the average reader of these pagesThen, I say,
and thedoes not find the answer only too apparent,
remedy obvious, then God help us as a nation !