Evening star., 1932-10-14
CANADIAN TARIFF
FEARS M|N|M|zED
U. S. Steel and Chemical In
dustries Expected to Be Only
Ones Hit Directly.

BY tine Associated Press.
OTTAWA. October 14--Revision of
tariff schedules between Canada and
Great Britain under the terms of the
imperial conference agreements prob
ably will reduce the Canadian market
for American. steel products and
chemicals, trade experts said yesterday,
but beyond that American interests
have not much cause for worry.
1t was not possible to estimate at this
stage the extent to which the new rates
awill affect American business, but the
experts are preparing schedules upon
which such an estimate can be based.
At Hamilton, men prominent in the
steel industry expressed belief that
large amount of the Canadian steel
purchases hitherto made in the United
states will be diverted to Great Britain
under the new tariff regulations.
L. S. Practically Shut Out.
A. T. Enlow and H. H. Champ who
head two of the largest steel combines
there said the concessions granted by
Canada to British iron and steel prod
ucts will make possible considerable
increase in CanadaS imports from the
United Kingdom.
The United States, said Mr.. Enlow.
Is practical shut out" from the steel
trade
1t was not thought that the tariffs
Will make much change in automobile
imports from the United States, mas
much as most Of that business Is IN
high-priced cars and most OF the
medium priced automobiles are manu-
factured in Canada.
Free entry for motor truck ana pus
engines from the United Kingdom may
result in larger importations for Ca
madam use. and the trade IN midget
ears, a British specially, may be con-
Siderably increased.
Would Hurt Canadian Plants.
:. 1t remains to be seen, however, how
Tar the Canadian public will swing to
the small cars which give greater mile
age in these times of mounting taxes ON
sasolne. In any case such business
would be taken from Canadian plants
more than from those in the United
States.
Premier Bennett introduced in the
House of Commons today bills ratltylng
Canada S trade pactS with South Africa,
Southern Rhodesla and the Irish Free
State, but discussion was delayed until
next week when the Canada limited
Kingdom bill comes up.
A steady reduction in the amount OF
foreign produced frozen lamb and fro
zen beef imported into the United King
dom is provided for in the quota ar
rangenlent between the United Kingdom
and Australia. This process will be ear
ried out until in the second quarter OF
1884 such imports from foreign coun-
tries will be down to IS per cent OF the
total for the first quarter OF 1882.
Sees Monetary Danger.
George Coote, United Farmer men,
ber,- leading a 6riye in the House of
Commons for debated currency, said
Canadian farmers and exporters could
not compete in the British market with
the pound worth less than four dollars
in this country and above five and six
dollars in Denmark, Sweden, New
Zealand, Australia and Argentina.
One remedy, he said was to deflate
the Canadian dollar. giving Canadian
farmers an equal chance with the chief
exporting countries with their below
par money.
The Coote motion proposed abandon
ment of the gold standard and federal
control of currency and credit.