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The New Zealand Railways Magazine, Volume 5, Issue 8 (February 1, 1931)

Undisturbed Preferences

Undisturbed Preferences.

Those people who hoped for an extended use of tariffs as a means of promoting intra-Imperial trade are of course disappointed with the Imperial Conference.

Some of them, however, value the under-standing said to have been arrived at to the effect that existing tariff preferences shall not be withdrawn before the expiry of their agreed currencies. Since the conference concluded there has been some debate as to the exact terms of this under-standing, but average opinion holds that if the Conference made no advance on the tariff front, it at any rate checked the early scrapping of preferences and the threatened retreat from Singapore. Mr. Philip Snowden was an unrelenting line umpire. As soon as his flag went up for out-of-bounds, the ball was dead.