The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1903-10-15
Fiscal Problem
COMPLETE OUTLINE BY ITS ORIGINATOR OF THE
MOST STRIKING INNOVATION IN NATIONAL FISCAL
POLICY SINCE THE REPEAL OF THE CORN LAWS
AND lie ADOPTION OF FREE TRADE.


Chamberlain Daily Telegraph which in
tended to serve as preface to the Republication in boot form Of
OF articles which have appeared the Daily Telegraph the
fiscal problem The daily letter however practically complete
20 Ition OF his proposed policy.
period of the policy OF unrestricted free imports has shown
egen signs OF failure Our exports stationary and de
,on we ,J co. Oar snnre,acy in bat aye aiavs been
considered standard industries has been Wrested from
zone by one our markets once profitable and expanding are closed
lis power bargaining
fully the removal rejection these barriers trade Our
colonies alone continue to increase their purchases and even here we
must abandon hope expansion
the loss OF existing trade we unable to meet their requests
"Our competition which already is not fair competition
1T supported by bount oered by the operations of and
strengthened by the economical advantages which enjoy
the shape cheaper labor and the absence OF all those regulations
have interest of the working classes and
order raise their standard OF living and these articles suggest that the
case of reform will be overwhelming also.
The supporters OF quated policy resort naturally to well
devices which have always been at the service OF every opponent
of reform 1t characterize such peverson Of the truth
pe from speeches. selected without regard to their tenor
and they attribute motives and intentions which exist only the ina
ginaton of the reefood controversaist
The line OF argument concise stated seems to be as follows
Firstly is intended give preference the colonies whose chief
ports articles of food 1t will therefore be put duty
ate ignores the fact that large OF our revenue raised by taxes
Secondly the whole OF the duty will be paid by the
This the doctrine of the most eminent OF
economists, where article is imported from
foreign country and also produced home and The colonies
With the duty but will be mainly egua
ed by the supply and demand This especially the fact duty
small There much experience confirm the theory the
mist Neither France protected country
have the prices risen by the of the protective duty while
country small shilling did raise the price
should danger rise in prices
owing the supply due causes
such drought artificial combinations such the Letter
This danger when the of supply few and tend
themselves to monopoly while the policy that develops new markets
and the oododucng the world will tend cheap
and, above all, to stability OF price
Thirdly is said that the duty be imposed will be heavy
east possibly shings quarter here absolutely no
foundation for this assertion the statements made by the adj
Fourtf, said the duty be high order to
the cost Of the old pensions This ignores the tact that the
question old age pensions entirely independent OF hsca reform
The gained by the EXchquer from duty might the
piled making provisions for old but
consequence and be done without their authority and good
M probable they prefer the bird in the hand to the bird
the buta is they prefer immediate advantage to the more
prospect pension their decision will be final and in this
there will be increase all in the duties food but only
and sugar for instance that the cost of living the
sumner will not be increased in the slightest degree
TO up duty food imposed to preferential trade
with our colonies will be small may probably wholly paid
and will certainly be partly paid by the foreigner The additional cost
equally necessary their existence The dear
food cry mpostu and the little loaf burba The question
o tariff reform be considered its merits without fear that
the of living will be increased the On the other hand
tariffs be revised the following advantage:
First an increase OF trade with Our subjects and best Gus
who only take much head from than foreigners
but take it in the shape Of manufactured products whose production
involves the employment of the amount of labor,
Second the bargaining with competitors and thereby
either that they shall take OF the products OF labor
the products of their labor that they shall the British
market completely to British labor.
Third either this change and the increased trade with
colonies will provide employment for people and
greater demand for labor.
Fourth the demand for labor increases the of labor
rise ALSO and full work fair prices will enable manufacturers
Ipay higher without loss to themselves
Lastly shall have made advance toward the union Of
the empire and have taken the first toward er trade with the
of the world All the points here mentioned developed with
wealth Of facts fures and original illustrations in the articles
printed These form complete popular handbook the subject
which will be valuable students and speakers the coming
campaign CHAMBERLAIN"