Perhaps the most outstanding feature of the new tariff was the adoption
of a preference in favour of British goods, and it was probably the most
popular step ever taken by any Government in Canada. Judged by results,
it has been highly beneficial alike to Canada, Great Britain and the
Empire. This preference at first consisted of a reduction of 1-8 from
the general tariff rates. A year or so afterwards the reduction was
increased from 1-8 to 1-4 and later to 1-3. Subsequently the flat
reduction of 1-3 was abandoned and a specific preferential rate provided
for each item or article in the tariff. Such specific rate, however, on
the whole averages a reduction of 1-3. The benefits of the preference
were given not only to Great Britain but by successive steps to nearly
all the British colonies.
The preference granted by the Liberal Government was exactly the tonic
that was necessary to stimulate British trade. From the moment it became
law the trade started to boom and it has steadily and rapidly increased
ever since. But the increase in British trade was not the only
beneficial result. The preference substantially reduced duties to the
Canadian consumer on the most important staple commodities, and thereby
further implemented the pledge of the Liberal party to reduce taxation.
Having dealt with the preference feature of the tariff we will now
resume the consideration of the general subject. Well as they believe
they had wrought in the creation of their tariff, the Liberal Government
were not content. They knew that a great deal more was needed to bring
about a betterment of conditions. They felt that the most vigorous and
progressive measures were necessary to put Canada in its proper place on
the map of the industrial world, and to afford scope for the exercise of
the natural ambition of its people. They realized that the farmer could
not be benefitted much by protective duties on his produce, but they saw
that they could benefit him by enlarging the means, and cheapening the
cost, of transportation, and they devoted their best energies towards
improving and extending transportation facilities all over the country.
They saw also that the manufacturer could be benefitted by enlarging the
home market, and they instituted an aggressive immigration policy which
developed the great North West in a marvellous way. Step by step in the
most vigorous manner and without let-up the great work of building
surely and strongly was undertaken, and concurrent with it the country
grew more prosperous.
* * * * *
The finances were so handled as to show a substantial surplus each year
instead of the era of deficits in Conservative days.
The great canal system of the country was rushed to completion.
The Crows Nest Pass Railway was built, thereby facilitating the
development of the immense mineral resources of interior British
Columbia—in the Kootenay District.
Public-domain text, read in full here on John Shaqi.
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