A parliamentary committee which in the course of the World War made a
careful study of the prospects of British industry and trade reached
the following conclusions as regards conditions in the previous decade.
England had taken but a small part in the development of some modern
industries, particularly the chemical and electrical; the country had
made comparatively little progress in the iron and steel industry, in
which it was entirely overshadowed by Germany and the United States;
but it had shown wholesome vigor and capacity for growth in some great
manufactures, such as the textiles, ship-building and some branches
of machine-making. British trade abroad was found to suffer from the
competition of foreigners who were found, in some cases at least, to be
following methods of organization and marketing that were distinctly
more efficient than those which the British pursued.
=463. (3) Adverse influence of foreign tariffs; proposals to revise
the English policy of free trade.=—Under conditions of adversity there
is always an inclination to lay the blame, rightly or wrongly, on
others. A considerable party in England asserted that the reasons for
the recent decline were political rather than economic, resulting from
the protective tariffs of other states; and this party asserted that a
change in the tariff policy of England and of the colonies was needed
to rescue British commerce.
There can be no question of the main fact, that protective tariffs
had increased considerably during the last quarter of the century. It
is estimated that the principal English exports were burdened with
duties equivalent to 10 to 30 per cent ad valorem in most states, but
amounting to far more than that in some cases (72 per cent in United
States, 130 per cent in Russia). There can be no question that England
suffered from these restrictions; every commercial state suffers from
them. It is, however, open to grave doubt whether England could help
herself by a change in policy; and the question of what change, if any,
ought to be made, remained unsettled.
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