11 JANUARY 1930, Page 2

The British National Committee of the International Chamber of Commerce

has, however, been stampeded into passing a resolution against the whole idea (a) because " it would definitely limit the possibility of exercising British influence for the general reduction of tariffs," and (b) " would prove disastrous to British industry and commerce." We print elsewhere a letter giving compelling reasons for maintaining our fiscal tradi- tion. The way in which certain persons calmly confuse their own interests with those of the community passes comprehension. At the same time we think there would be- a -sound argument of expediency -for maintaining the McKenna duties if the movement towards a tariff truce should be checked.