El Paso herald. (El Paso, Tex.) 1901-1931, 1919-07-19
ENGLAND WILL
PUT OFF FREE
TRADE POLICY
Protection to Be in Force
Till Commerce Becomes
More Stable.
BRITISH SOVEREIGN
is AT A DISCOUNT

London, Eng. July 1s.-Great Brit
ain viii not revert to her traditional
free trade policy September l. Not
until world trade conditions. and es-
pecially the value of the English SOW
ereign, are more stabilized viii such
a policy be entertained by the gov
eminent
Modified protection. together with
measures that will prevent dumping
and keep out manufactured luNuries
that Britain might well supply her
self, is expected to be the policy put
forward by the government TO pre-
vent the British Industrial ship from
being swamped-
such a policy, it is believed. viii be
invoked for the transition period only,
the time during which Europe Is re-
covering economically from the worst
effects of the world war. Naturally,
it viii not be possible for the gov
eminent 10 fix any definite period or
time when such a transitional policy
shall be terminated But there IS
ever. reason to believe that machin-
cry will be created for reviewing the
condition, periodically, of any trade or
industry protected. either through
antidumping legislation or by
straight out and out tariffs
AnnOys Americans
The government must puDlicly an
nounce its policy before September l.
but when that announcement comes,
il is believed. il will but emphasize
the necessity Of carrying on along
lines followed since the armistice- To
put it mildly. this program has great
" annoyed American manufacturers
who were compelled to adopt policy
of drift as regards their British mar
ket-
There is reason for believing that
certain important members Of the
rl-s~ 81 y hpan
won over to such a policy. because II
might be against the interest Of Ger
tain Of their constituents To the free
traders, the plan savOrs too much OF
protection" while those pulling for
permanent protection are dissatisfied
with half measures
The governments policy. however,
has been put in type. and locked IN
strong box. upon which sir Auckland
Seddes. president Of the board OF
trade. is sitting until it is considered
-propitious and advisable" to let par
lament rant about It. Tie government
desires 10 forestaQ any important op-
position in advance OF any opportu-
nifty its critics might seize upon
Money Unstable.
Thus a middle position is expected
TO be taken up by Great Britain half
way between free trade and protec-
tion-because the country occupies a
middle like position. on one side is
America where the British sovereign
has a tremendous task in trying to
climb back toward par. and on the
other is half bankrupt Europe. where
the British sovereign can still play
ducks and brakes with the assorted
kinds of exchanges which prevail
British policy OF self preservat ton
counsels that England sell just as
much goods as possible to America
and buy just as little from the United
States as she can get along with And
this means getting only essential raw
which may be desirable.
either because cheaper or quicker to
TRANSPORT, and paving for these
American raw materials in manufac-
tured goods Cotton IS an example.
And it also means making the British
citizen do without American made
goods which misht be termed Injuries.
such as automobiles. tvpewriters,
electrical apparatus and the like