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The Pamphlet Collection of Sir Robert Stout: Volume 56

Facts for Artisans. — The Taxation of Foreign Imports. — Leaflet No. XI

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Facts for Artisans.

The Taxation of Foreign Imports.

Leaflet No. XI.

Cobden Club Motto

It is a Fact

That out of the £400,000,000 worth of our annual imports, something like £355,000,000 are for food, and materials for our own manufactures, while only £45,000,000 are for finished products.

It is a Fact

That while Fair Traders differ among themselves as to the policy of taxing food and materials, they are all agreed that these £45,000,000 should be subjected to duties, the object being either to exclude them, or to make the foreigner pay the tax.

It is a Fact

However, that any tax paid on these imports would be paid by the British consumer, and not the foreign exporter.

It is a Fact

Also, that if any portion of these £45,000,000 were excluded, owing to tariff, just to the amount of such exclusion would there cease to be a demand for British labour; it being impossible for the foreigner to buy in our markets unless he be allowed to sell therein.

It is a Fact

That, except in a very trifling proportion, nations pay each other by goods, and not by gold or silver. Every pound's worth of foreign goods, of whatever sort, sold here gives rise to a purchase, directly or indirectly, of a pound's worth of British goods of some kind or other; and thus, instead of curtailing British labour, causes a demand for it.

It is a Fact

Therefore, that no more fatal thing could be done than to tax foreign imports with the idea that the British artizan would thereby be benefited.

George W. Medley.

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