The Trade Pact with Denmark There is nothing very much
in the Anglo-Danish trade agreement to exhilarate either party, the fact being that preferences given to the Dominions at Ottawa leave us with very little to offer to Denmark. What we have apparently offered is a guarantee of 68 per cent. of the limited quota of foreign bacon and an undertaking that for the next three years there shall be no tariff on bacon and no increase in the existing tariffs on butter, eggs and Danish cream. In return Denmark's quota of British coal is to be raised from 60 to 80 per cent. and her import of British steel and iron increased substantially. There will also be certain concessions on other British exports. As might be supposed, no great enthusiasm is displayed over the arrangement in Denmark, ' and some British farmers are grumbling at the pledge to leave foreign bacon untaxed. It was always foreseen that Ottawa would leave only very limited room 'for negotiations with other countries, and the discussions with Denmark demonstrate that clearly enough.
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