The New Nation a Survey of the Condition And Prospects of South Africa

Cover The New Nation a Survey of the Condition And Prospects of South Africa
The New Nation a Survey of the Condition And Prospects of South Africa
H E S Henry Eardley Stephen Fremantle
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But for the present there is no necessity to debate the comparative merits of free trade and protection, for the work which lies to hand is that of abolishing multitudes of small and vexatious duties which neither produce much revenue nor sensibly protect industry, but which choke up the stream of commerce, and so keep back the natural expansion of the country. Here, at any rate, pro- tectionists and free traders may well join hands.
It may be necessary while doing this work to stiffen up some
...of the revenue duties, and also the protective duties. If this is done then the customs revenue will be at least as large as it is now, and far more buoyant. But we have already seen that i;o THE NEW NATION South Africa has genuine needs which prudent finance will endeavour to satisfy in order to stimu- late the country's productive powers and reduce the debt to manageable size, and which, even if the severest economy is exercised in administration, may demand in the near future as much as ; i, 000, 000 a year, to which must be added the amount of the railway surplus doomed by the constitution to extinction.

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