The sun., 1898-12-11
rARrrr rN NEW soUrH WALEs.
Tho Free Trade Colony Adopts the PrOteo'
tive System to Meet an Emergency.

NONtu iuob SOuls uWOulSihH w r~o-'oNN' heN ~
De deuucted' ana consequently only alol'oVV
could DO carried forward 70 the oreule Oh tne
eurrenG hhancia, year, ~ Hhe resenue lol 'ao
no Aaa noo Ill ,,,o I,t,,,.a ,voId com
mn to CO. .eSl 900: this would leave deficiency
NJ f04S OOO which he nroposed to make good
n.rtlv hv ertra and na,v toxstion which Womb
,,io,d RI TX onn TO- th, oIoh, ,,ontba that bn "a
rot % ,,,n ~ .ho on,no,ol voar Tbia ,ddi-
,,S ~ ~ 'S -, ,., A.. a,,. 81
~ ~, 80, ' :, " - :, co,1 400
ouve III i'aau' "oeiu .ioAo w sun w ".
anu Wouiu enaole MN 10 Wlhu up 'he ouiten' ~
nnanclal year with surplus Oh closo On SoV'
O0o The subjoined statement SHOWS tne iist
OF new duties proposed the old ones That are TO
be ieimDosed and the one that Is to be re-
tained' ,,ru, ,,,r,,.
.
cos. per pouils Ia, ., 'u
...'.,a. $50" ~ ,IaS s."N"' VI A''A'N ~ a,
coa.s rar nov mornd nd
Cbicorvl dnndoiion or taraInaeum, raw or kim
dried. per pound. ...........,........ Sd.
Chicory, dandelion or taraxcum, roasted.
ground or mixed with any other article, per
pound. cd.
Chocolate, plain or mixed with any other arti-
Gle, and chocolate creams, per pound d....... I'd.
Cocoa. prepared paste or mixed with any other
article per pound ..............."..'....."..' "a.
COCOA raw per pound .'...'..'.'...'.''"'''' "a.
hce' per r'on'''''.'''''''' "'''''''''''''''' ooS'
The following diminishing duties will be re-
stored to the ratio in force on June 80 last:
OLD DUTIES RESTORED.
p,.or;.. mar ro,rd "a
Conssc,ionorv T,nc,rdire c.tes. comsts liouor.
ic, Iionorioe n,ste. loyonoes OF ali kinds. 90.
coaput in sugar. sugar candy. succades. and
sweetmeatsl Der pound d.......,..... I'd,
Fruits, dried, candied, and prunes exclusive
of dates). per pound. nd........................ I'd.
Jams and jelles per pound. or reputed pack
ages of that weight, and go on in proportion
for any such reputed weight. Id.
Preserves, canned and bottled FRUITS peel
drained or dried' per pound '.'''' ID.
euRSf' 'ne PfeSe' o"'S W W r''Aheo per 'on' 0oS
This proposed impost OF duties. both old and
new. on the colony by the Treasurer who has
posed so stanchly as a free trader has come
as a complete surprise. for the condition of the
colony is prosperous on the whole. and the
financial circumstances Of the country. so far
as they are known to the minds OF the gen.
eral public seem to COMPRISE nothing which
should suggest any such measure.
Mr.. Reid said that 1t was with painful re-
Gret' that he submitted his proposals for in
creased taxation. but that last year. when max
ing up the estimates OF expenditures. carried
away by his zeal for reduction. he had cut his
figures too fine." and the reductions he had
made had gone below the Indispensable re-
quirements OF the country. But notwth-
standing this. all would have been well. as the
operations OF the year up to the present time
were satisfactory for the customs. land. rail-
ways. post and telegraph. had ali furnished a
revenue in excess OF that estimated. But it
was the remainder OF the year that he dreaded.
for there was D long list Of fresh expenses.
which were unavoidable, to be added to his
original estimates. such as the increased
amount due as interest on the public debt.
which was unalterabe and beyond the control
OF the Treasurer or Parliament, and conse-
Quently inevitable. Following out the rule
he laid down at the beginning Of his financial
control OF the colony. never to attempt to
finance deficit the most satisfactory way out
OF the difficulty was by the scheme of taxa
tion he placed before Parliament and in sub
mttting the. new tariff OF duties. Mr.. Reid de-
clared that he desired to keep it IN conformity
with Reinforcement toward federation. which
he confidently expected would be brought
about within the next twelve months
AS free-trading colony New South Wales
had been success. financially speaking. and It
Is not to be wondered at that the new fiscal
departure. In proposing new taxation to meet
the demands for increased expenditure (which
increment. in the eyes of many. is not per-
haps. so unavoidable as represented. is scarce
ly made more acceptable by the fact that 1t in
wolves at least a partial return to protection,
and what is still more ominous. the first blow
struck against the policy Of free trade comes
from the hand OF its author.
Months ago it was announced that the duty
on sugar would be maintained. and the rea-
son then given for its retention was not that
of revenue but that OF protection and In in
terest OF industry, seeing that half the amount