Sugar, Cane And Beet: An Object Lesson

Cover Sugar, Cane And Beet: An Object Lesson
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The foreign delegates at the various conferences had pointed out, in view of what was going on in Germany and Austria, that it would be quite impossible for their Governments to agree to any Convention for the aboli- tion of these artificial aids to foreign manufacturers unless the British Government would give them security, by a clause in the Convention, that they should no longer have to compete in British markets with sugar receiving similar advantages from other foreign Govern- ments. This
... was such a reasonable and necessary demand that it could not be disputed or disregarded. If a foreign producer receives from his Government some gift out of the revenue which enables him to sell his produce below cost price and yet make a good profit, it is not only reasonable and consistent with common sense but also absolutely necessary, if British industry is to survive, that such a direct attack on our industries should be warded off by some defensive action. The amount of the artificial profit thus obtained could, in the case of sugar, be very accurately defined, 122 SUGAR and therefore it would be easy to countervail it by an equivalent duty.

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