FREE-TRADE SYSTEM.
Many petitions had been presented in the course of this session for and against the existing system of the corn-laws. On the 25th of April Mr. Whitmore was induced to move for a committee of the whole house to consider of these laws; but his motion was rejected. Previous to this, however, Mr. Huskisson, in pursuance of the scheme of commercial policy which he had adopted, brought forward three important subjects: first, “The system of our commercial policy in respect to our colonies;” secondly, “The expediency of revising many of the duties payable upon the import of the raw materials used in our manufactures, and of relaxing the prohibitory duties which, under the name of ‘protection,’ were enforced against the manufactured productions of other countries;” and, thirdly, “The means of affording some further degree of relief and assistance to the interests of our shipping and navigation.” The alterations he proposed in our colonial system were explained by him on the 23rd of March, when, by entering into historical details at great length, he proved to demonstration that all those articles of manufacture which had been most fostered had most languished; that excessive duties made the smuggler’s fortune, while the manufacturer was disappointed, and the exchequer defrauded; that the apprehension which guarded our fabrics with high duties was unfounded; and that the true policy of the state, as well as the advantage of individuals, would be consulted by the reduction of duties sufficiently to countervail whatever might be imposed upon the raw material used in the different manufactures. Having shown the ungrateful return made by the United States of America, which had been allowed to trade with our colonies, he proposed to open their ports to all friendly powers on the same principle, though with some modifications, as that on which they now traded with Jersey or Ireland. With the further view of encouraging our own trade and that of our colonies with the countries of South America, he proposed to extend to certain ports in those colonies the benefits and regulations of our warehousing system as it was established in this country, by allowing goods from all parts of the world to be bonded and deposited in warehouses without payment of duty till proper opportunities of selling or exporting them should occur. Another boon proposed by him to our colonies and trade was, the abolition of the large fees which were levied for the benefit of public officers in almost all our colonial ports. He further proposed two alterations of a local and specific nature; the one relating to the Mauritius, and the other to Canada. That relating to the Mauritius lowered the duty on sugar to the same rate as that from the West Indies, and that relating to Canada admitted the importation of corn from thence on a fixed and permanent duty. The resolutions embodying Mr. Huskisson’s views were adopted nem. con., and were afterwards, with one trifling exception, carried into effect. That exception was, that the bill for establishing the free intercourse in the article of corn, subject to the duty of five shillings per quarter, between Canada and this country, should not be permanent, but limited in its operation to a period of two years.
The other part of Mr. Huskisson’s scheme for promoting commerce was brought forward on the 25th of March. These parts referred to protection rather than revenue, and to the affording relief to the shipping and navigation interests. He began by proposing a reduction of duties on the cotton and woollen trade, as well as those on manufactured linen. In some cases these rose as high as one hundred and eighty per cent.; and Mr. Huskisson proposed to lower them to ten, fifteen, and twenty-five per cent, respectively. He next adverted to foreign paper, books, and glass, which were almost prohibited by excessive duties. He proposed a duty upon all books, bound and unbound, imported into this country, of sixpence per pound; on paper threepence per pound; and upon glass bottles three shillings per dozen. He next proceeded to the duties on metallic substances, as iron, copper, zinc, and lead. The duty on foreign iron was to be reduced from £6. 10s. to £1. 10s. per ton; that on copper from £54 to £27 a ton; that on zinc from £28 to £14 a ton; and that on lead from £20 to £15 per cent. ad valorem. Upon tin he proposed to reduce the duty from £5. 9s. 3d. to £2. 10s. the cwt. Mr. Huskisson next proceeded to consider how far it was possible to reduce certain imposts on raw materials which interfered with the success of the capitalist, who was obliged to use them in his manufactures. He instanced the cases of articles used in dyeing, as well as olive and rape-oil. He wished to take off the duty from the latter altogether, and thereby enable the manufacturer to supply the farmer with cake instead of compelling him to procure it at a large cost in the foreign market. He proposed also to reduce the duty on all foreign wool imported at a lower price than one shilling the pound to one halfpenny. He concluded with proposing measures to relieve the commerce and navigation of the country. There was already a bill on the table to do away with the quarantine duties, which the committee on foreign trade had proposed to lay on the community at large. Mr. Huskisson thought this proposition was equitable, as the amount of these duties was considerable; and they were placed on the shipping interest for the protection of the country. lie proposed further the abolition of all fees on commerce with our colonies, and the removal of the duty payable on the transfer of any share in a ship, or of a whole ship, from one person to another. There was still another mode by which he proposed to relieve the shipping interest. This consisted in a reduction of stamps for bonds, required from exporters of certain goods to be delivered at certain places, from forty shillings to four shillings. He also proposed to apply the same principle to Custom-house debentures, or documents given by way of security to those who were entitled to drawbacks. As conducive to the same end, he further proposed an alteration in the system of our consular establishments, granting instead of fees a regular salary to the officers who superintended them, retaining only certain fees, which were to be small, for acts which were extra consular. Though some members of the house expressed an apprehension that these changes might prove injurious, yet in general they were acceptable both to parliament and the country. The resolutions in which they were embodied were adopted unanimously; and they were afterwards carried into execution by bills framed in conformity with them.