Publisher's Synopsis
Excerpt from Australia and the Fiscal Problem
Australia a commercial system in its relations with the Empire, which may be shaken to pieces at any General Election by the destruction of a tariff of which the people have never heartily approved. And yet the whole of this controversy is being carried on with the under standing that in the three great Commonwealths of the future - Canada, Australia, and South Africa - a Protectionist tariff will exist which, without seriously interfering with revenue, will allow a large concession, such as 33 per cent., to be made to the Mother Country against the importations of the foreigner.
I quite agree with Mr. Chamberlain that price is not everything, and that sentiment, patriotism, the love of retaining our prestige as a component part of the greatest Empire in the world, all weigh heavily in the scale Of national Opinion. But there must at the same time be some sense of proportion, and there must be a breaking point where sentiment, no matter how splendid, must yield to the practical necessities of the situation.
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