The Liberal Government recognizing all these salient factors endeavoured to strike a fair balance and thereby promote the utmost development in all industrial pursuits. The principal thought in their minds was to provide the maximum of profitable labour for the people in all spheres of activity which surely is the truest and highest duty of statesmanship. The extent of the reduction in taxation brought about by the tariff can be best arrived at by taking the average rate of customs duty imposed by the Conservatives during the last years they were in office, and applying it to the imports under the Liberal rule. In 1896, which was the last year of Conservative administration, $18.28 was on the average collected on every $100 worth of goods imported into the country. If the same rate had been collected during the time the Liberals were in office, instead of collecting duty to the amount of $605,000,000 they would have collected $685,000,000, so that there was an actual reduction of $80,000,000 in fifteen years. This is at the rate of about $5,500,000 per annum. In addition to this saving one has to consider the reduced price of Canadian manufacturers to the consumer by reason of the reduction in protection, because undoubtedly as a general rule, although not in every case, the selling prices of Canadian manufacturers are based upon the amount of protection they enjoy. Again there is the indirect saving to the people in reduced prices on foreign exports to Canada, by reason of the operation of a British Preferential tariff. The United States exporters to Canada, for instance, had to reduce their price to Canadian buyers to off-set the reduction in duties in favour of British goods. This is an undoubted fact. Another way of arriving at the extent of the reduction in taxation brought about by the Liberal Government, is to take the average rate of duty imposed by Conservatives during the eighteen years they were in office, which was $19.10 on every $100 worth of goods imported into the country. If the same rate had been applied to the imports during the fifteen years from 1896 to 1911, the additional taxation which would have been imposed would have amounted to $110,000,000, so that there was a saving to that extent to the people of the country under Liberal rule.