An Ottawa Formula.

In Britain, cheap wheat—and other food and raw material—from Russia is variously viewed. Some see behind it a new Soviet capitalism, which will eclipse the older private capitalism by sacrificing both profit and wage until the producing machinery of the world is captured. Others there are who deride the idea that the economic conquest of individually-free peoples can be accomplished by the cheap labour (or even the forced labour) of one. Partly in its political, but mostly in its economic aspect, “Russian dumping” came before the Ottawa Conference, and the British purchasers of Russian goods did not altogether share the antidumping zeal of those Dominions who sell rival commodities. If there is political poison lurking in cheap food from Russia, Mr. Ramsay Macdonald is not afraid to take the risk. However, the Conference agreed that dumping must not be allowed to frustrate Empire preferences.