History of merchant shipping and ancient commerce, Volume 3 (of 4)Lindsay, W. S. (William Schaw)
History
History of merchant shipping and ancient commerce, Volume 3 (of 4)
Lindsay, W. S. (William Schaw)
Commerce -- History; Shipping -- History; Steam navigation -- History
He also reserved his judgment as to the mode by which
Government proposed to make the alterations: his first impression
being to proceed by reciprocity treaties, and to make concessions to
such Powers as were willing to make equivalent concessions to us. On
the other hand, it did not escape him that these reciprocity treaties
were themselves sources of constant trouble. The “favoured-nation
clause,” he added, seems simple enough, but when you come to act on it,
practically, these treaties involve us in great difficulties. There
was, he said, an admitted difference between the case of differential
duties on navigation and on the imports of goods under a tariff. And he
felt that it was most difficult to determine whether the concessions
any given country is willing to make, or has the power to make, are
equivalent to those made by some other, the commercial demands and
commercial produce of which may be of a totally different nature.
Again, with regard to reciprocity treaties, great difficulty he thought
might ensue in the event of war; and the power Government proposed to
retain of re-imposing restrictive duties would be found very difficult
to exercise. It would in his judgment invert the relations between the
Crown and the Parliament. The House of Commons would be favourable,
and relax, the Crown would restrain. The House of Commons would give
universal privileges, and in the course of four or five years the
invidious duty would be thrown upon the Crown of withdrawing privileges
the House of Commons had granted. Sir Robert, to avoid this ungracious
duty, threw out the hint that the Act should be made limited in
duration, so as to come again before Parliament. Suppose, he suggested,
the trade were to be opened for five years; at the end of that period
the privileges given would necessarily expire, and every country would
have notice that they had the means of averting the re-establishment
of restrictions by entering into some further arrangement with this
country. He preferred to see the object effected in that way rather
than by new reciprocity treaties; in short, that America, as well as
other nations, should do what she had proposed by legislation rather
than by treaty.
There was some renewal of hostile interruption at the conclusion of Sir
Robert’s speech; but it seemed clear that he felt by no means disposed
to run at once a race with the Whigs in a Free-trade policy as regarded
navigation; at least, it was evident from his speech that his mind was
not then made up on many essential points, and, further, that he had
doubts as to the wisdom or expediency of immediate and unconditional
repeal.
[Sidenote: The resolution carried by 117,]
Public-domain text, read in full here on John Shaqi.
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