England is the only great nation which has abolished Protectionist tariffs, and has established a system of Free Imports.

Thereby she has become the greatest trading nation in the world.

She possesses more than one half of the effective ocean tonnage of the world.

No other nation approaches her in the volume and money value of her foreign commerce.

In 1882 * her total foreign commerce amounted to	£719,000,000
That of France to	335,000,000
That of Germany to	316,000,000
That of the United States to	303,000,000

Reckoning per head of population

England did	£20	7	10
France	9	0	0
Germany	7	0	0
The United States	5	8	0

England's food and her materials being untaxed, page break while those of Protectionist nations are taxed, she is able to manufacture more cheaply than they can, and to undersell them in the markets of the world.

In the protected market of The United States England undersells France and Germany, and does! more trade with them than either of these countries.

In 1882 the United States imported from Great Britain goods to the value of	£39,000,000
Ditto from France	17,600,000
Ditto from Germany	11,200,000

In the protected market of France England has a similar advantage.

In 1882 France imported from Great Britain goods to the value of	£29,758,000
Ditto from Germany	19,000,000
Dittto from the United States,	15,600,000

In the protected market of Germany there is the same result.

In 1882 Germany imported from Great Britain goods to the value of	£30,500,000
Ditto from France	13,552,000
Ditto from the United States	10,558,000

In neutral markets England beats all other nations hollow.

This is owing to her system of Free Imports.

When Fair Traders say that her goods are excluded from the world's markets by Protectionist tariffs they state that which is absurdly untrue. The fact is that these tariffs protect and foster British trade, and will continue to do so until they are abolished.

Messrs. Cassell & Company, Limited, La Belle Sauvage, London, E. C., supply this Cobden Club Leaflet in packets of 100, price 1s.