New-York tribune., 1919-08-24
Ne1O Yorb Triba.ne
E,trn,,,J, D,,.-1,
{ (CupyrioLt 1919 New York Tribune Inc

Copyright 1919. New York Tribune Inc)
LONDON, Aug. 23.-Premier Lloyd
Georges amplifcation in the press of
his speech in the House Of Commons
last week, in which he explained the
governments policy on international
trade, gives increased satisfaction to
the Conservatives, but the Liberals arc
aroused in defence of free trade.
A bitter controversi war is sure to
follow and political experts already
are figuring on a general election this
fall, with the tariff as one of the i'm
portant issues
The Conservatives and Liberals agree
on only one point: that the Premier's
amplifcation means the establishment
OF an ad valorem duty, amounting in
some cases to so per cent. Instead Of
reducing the number of articles under
import restrictions, the governments
action amounts to an increase in the
number and the charging Of license
fee equivalent to an ad valorem duty.
Free Traders Aroused
"The Westminster Gazette" says if
Lloyd George wants to camouhage pro-
it has no objection and all the Liberal
organs are trying to rally free traders
to their policy, declaring that unless
winning fight is made now the country
will become protectionist.
Labor is saying little about the Pre-
mier's effort to placate the workers
by emphasizing the important voice
they are to have in industrial affairs
and the benefits they are to derive
from mining royalties The attitude
of labor continues, however. unsettled.
The situation is hardly improved by
the fluctuations Of American exchange
rate. Though slower to realize the
seriousness Of the financial situation,
the British press is now facing the
facts.
LONDON, Aug. 23.-The gravity of
the situation arising from the fall of
sterling in the United States, which
has been the subject of articles in all
sections of the press for days past,
was emphasized again to-day, yester-
days slight Improvement being re-
garded as only temporary.
Imperis u. s. Exports
"The Daily Mail" which has con-
stantly urged increased production
day to the contention that the position
is equally as serious for the United
States as for Great Britain, as it is
imperilling American export trade.
The same point is made elsewhere and
opinions OF American bankers are
cited in support of it. 1t is remarked
by the newspapers that American ex-
porters have plenty to sell and that
there are plenty willing to buy, but
they point out that, unfortunately,
those willing to buy have not the neces-
sary money.
In this connection "The Mail" re-
CARDS as 'a novel feature in the annals
Of trade propaganda" Il statement ca
bed to America Friday by the Amer-
can Chamber of Commerce in London,
warning American exporters against
trying to rush the British ma rket SIM
Ply because of the removal of import
restrictions.
1000 U. S. Cars Ordered
The newspaper calls attention to the
f?ct that withdrawal of the restrictions
allows importations of automobiles
after September l., and says that the
agent here of one American firm, not
Wlthstandlng the shortage of cars in
the United States, cabled Friday an or
der for 1000 automobiles, to be deliv-
cred IN England as speedily as possible.
This agent declared there would be no
dumping" about this, because the cost
here would be double the price in
America
The agent of another firm said that
in view of the shortage of cars in
America and falling exchange import
ers would be wise to go slowly. He said
he would do nothing until the outlook
became clearer.