How substantial have been Canada's increases in Preference to Great
Britain was shown by the Premier, Mr. Mackenzie King, in his Budget speech.. In forty cases there had been increases of Preference from 2 to 9 per cent. ; in eighty cases Preference was, according to Reuter, more than 50 per cent., while in a hundred others Preference ran from 40 to 50 per cent. Mr. Mackenzie King explained that Canada's action had been the result of the removal of our cattle embargo. These words of Mr. King's were significant :- " We wish her (Great Britain) to see that when she takes the attitude of stretching out the hand of which we are in need, we are equally prepared to stretch a hand across the sea and greet her with good will in return."
The whole question is of special interest in view of the Imperial Economic Conference in October, where the demand for preferential treatment for Dominion products in the home market is certain to be raised.
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