Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-01
CANADIAN BUDGET
! TO Be PRESENTED
New Tariff Rates Expected
to Favor British En-
II pire Goods. il
BY JOHN F. SINCLAIR.

Special Dispatch to The Star.
NEW YORK, June Premier r. B.
Bennett will present to the Canadian
Parliament today his long-awaited
Canada first" budget.
The budget is expected to be compre-
hensive, marking up all duties on goods
from the United States, for the premier
has declared Canada will give prefer
ence only to those nations which give
preference to her.
will not be materially increased on
British Empire goods. This Fall an
economic conference of empire states
men will be held in Ottawa to work out
a new preference bill. 1t will be based
on the theory that the British Empire
shall give preferential advantages In
tariff arrangements within the empire,
and thus build up stronger and larger
empire trade.
Last year Canada imported more
than $IO0,000000 worth OF farming
products. mostly from the United states;
Under the new rates these proouctS WILL
be affected. American steel and IRON
imports, too, will be greatly affected.
II is the theory of Premier BennetC
that Canadian live stock producers,
dairy farmers and fruit growers Shoulo
have almost the exclusive right 10 the
Canadian market and products not
raised in Canada should come from
other parts of the empire. -,
The premier apparently means pusl.
ness. He wants a tariff SO high that
American firms will find it to their ad-
vantage to build factories and manu-
facture goods in Canada, rather IMAM
ship these goods across the line.
But this is only the beginning OF tne
battle. Canada is faced with a oencli
of nearly S1Oo,O00,00O, and increased
taxes are also in sight.
Philippine Independence.
The question Of the independence OF
the philippine Islands is again being
discussed, and the discussion reveals
how economic interests determine po-
litical principles. There always mas
heen a fairly large number OF Americans
fayoring independence for the lslanos
on general moral principles, puG tae
islands were too profitable Tor certain certain
interests in the United States ana sIin
are. ,,,,o
Now. however, the moralists have
found new support. 1t comes from the
beet sugar growers, members Oh racine
Coast labor unions, cotton growers ana
msn interested in dairy products, VINO
have felt the pinch of Filipino competl-
ton. Products from the Phlllpplnes
enter the United States duty tree FIN
Pine. like all Oriental labor. IS 1ar
Cheaper than American, and the labor
leaders contend that it threatens the
American standard of living.
On the other hand, cane sugar manu-
facturers, rubber producers, looking Tor
new plantation areas, and the executives
in the hemp industry want the present
status preserved.
"Store Door" Petition.
Encouraged by their success in win
ming the right to store door" delivery
in New York, the railroads are going
after the barge competition on the
Mississippi. They ask that they be al
lowed to arrange with the express COM
panieS to pick up goods at the polnt
of production, carry them to the rail-
road, transport them to another station
and then truck them to the door OF the
wholesaler or retailer.
Railroad men are particularly ruined
by what they regard as the unfair tao
tics of the barge companies in making
special rates. These come to about the
same thing as the old-time rebate
system, once practiced by railroads
themselves before they were stopped.
The new store door" petition is being
made to the Interstate Commerce Com
mission by the Southern Pacific Rail-
road.
The roads are in tight place. New
means of transportation have come into
active competition with them. They
are right in demanding public regula-
ton over these new carriers COM
parable with their own. But in the
long run the roads will have to realize
that they are no longer the only me-
dunn of transportation. New types OF
carriers offer to the public in many
cases more comfort, greater speed and
mobility at less expense than the rails.
The roads will have their proper sphere.
When they try to bring other kinds of
carriers to their own level unnaturally,
the roads are using the same tactics as
the workmen who smashed new ma
chinery at the dawn of the industrial
era, thinking their jobs were in danger.
Surplus Increase.
Add the International Match Co. to
the small but fortunate group enjoying
good business. Under 1var Kreuger's
direction, the value of It's shares has
risen from S8.77 in 1929 to $500 last
year The increase in net earnings
was in excess of 100000.
Mr.. Kreuger is known for the sound
ness of his financial policy. Paper val
uations do not long remain on the
books OF his companies. mus tne net
earnings for 1880 were $20,923, 626,
after a substantial writing-off of de-
fiated security holdings, allotment to
the surplus, deductions for deprecia-
ton and reduction of indebtedness and
interest. The earned surplus CT this
worldwide organization now totals
more than ST. 100000.
Mr.. Kreugers match companies have
secured additional monopolies in sew
eral new countries already this year
including one in South America. IL
is likely he may secure even more.
(Copyrtght, 1881, by North American News
paper Alliance, 1nC.)