June 6, 1922 (14th Parliament, 1st Session)

CON

Arthur Meighen (Leader of the Official Opposition)

Conservative (1867-1942)

Mr. MEIGHEN:

A very low tariff country;-because its importations are so large and its customs revenue is so small- only one and a fraction per cent of the total importations. Well, a country might have a tariff that only brought in half of one per cent, and still be a protected country, still be a country that followed the principle of protection and'abandoned the principles of free trade or revenue tariff. A country, on the other hand, might be one whose proportions of customs revenue to imports would run from twenty to thirty per cent, and still be a country without any protection to home industries at all. It all depends on the nature of the articles upon which the duty is imposed. Belgium, for example, not having natural resources in degree like Canada, resources of the mine, resources of the soil-

Topic:   THE BUDGET
Subtopic:   CONTINUATION OF THE DEBATE ON THE ANNUAL FINANCIAL STATEMENT OF THE MINISTER OF FINANCE
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