India And the Empire a Consideration of the Tariff Problem
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(This indeed is exactly the policy at present followed by the United States with re- gard to Manila hemp. An export duty of thirty shillings per ton is imposed in the Philippines, the United States manufacturer being given a rebate provided the hemp be imported to the States in an American vessel. ) Had this policy been adopted in time, it is quite certain that practically the whole of the jute-spinning and weaving industries of the World might have been built up within British territory to the... very great advantage of both India and the United Kingdom. The third alternative policy the adoption in Great Britain and other parts of the Empire of a tariff specially encouraging to the pro- duction of raw or manufactured jute in India is with- out apphcation in this particular instance, for the reason that India already has a monopoly of the fibre at present, whilst in the matter of its manufacture, Scot- land and Bengal are in active competition. The ex- pediency of either manufacturing interest penalising the other both being British would be a development of commercial policy which we are not yet called upon to discuss.
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To quickly assess the difficulty of the text, read a short excerpt:
(This indeed is exactly the policy at present followed by the United States with re- gard to Manila hemp. An export duty of thirty shillings per ton is imposed in the Philippines, the United States manufacturer being given a rebate provided the hemp be imported to the States in an American vessel. ) Had this policy been adopted in time, it is quite certain that practically the whole of the jute-spinning and weaving industries of the World might have been built up within British territory to the... very great advantage of both India and the United Kingdom. The third alternative policy the adoption in Great Britain and other parts of the Empire of a tariff specially encouraging to the pro- duction of raw or manufactured jute in India is with- out apphcation in this particular instance, for the reason that India already has a monopoly of the fibre at present, whilst in the matter of its manufacture, Scot- land and Bengal are in active competition. The ex- pediency of either manufacturing interest penalising the other both being British would be a development of commercial policy which we are not yet called upon to discuss.
What to read after India And the Empire a Consideration of the Tariff Problem?
You can find similar books in the "Read Also" column, or choose other free books by Montagu De Pomeroy Webb to read onlineMoreLess
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