I have already accepted the policy of Imperial preference...to the effect that a preference will be given on existing duties and on any duties which may subsequently be imposed. On this subject I think there is no difference of opinion between us. ... I am prepared to say that the key industries on which the life of the nation depends must be preserved. I am prepared to say also that, in order to keep up the present standard of production and develop it to the utmost extent possible, it is necessary that security should be give against the unfair competition to which our industries have been in the past subjected by the dumping of goods below the actual cost of production. ... I shall look at every problem simply from the point of view of what is the best method of securing the objects at which we are aiming without any regard to theoretical opinions about Free Trade or Tariff Reform. (David Lloyd George)

I have already accepted the policy of Imperial preference...to the effect that a preference will be given on existing duties and on any duties which may subsequently be imposed. On this subject I think there is no difference of opinion between us. ... I am prepared to say that the key industries on which the life of the nation depends must be preserved. I am prepared to say also that, in order to keep up the present standard of production and develop it to the utmost extent possible, it is necessary that security should be give against the unfair competition to which our industries have been in the past subjected by the dumping of goods below the actual cost of production. ... I shall look at every problem simply from the point of view of what is the best method of securing the objects at which we are aiming without any regard to theoretical opinions about Free Trade or Tariff Reform.

David Lloyd George

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actual aiming best competition cost difference dumping effect extent free given goods imperial key life method nation necessary opinion order past point policy possible preference present problem production reform regard say security should standard subject tariff think trade utmost view

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