344 
AGRICULTURAL RELIEF 
Mr. Fort. I have been interested in that phase of this thing. Are 
you familiar with the action of Canada a year or so ago in increasing 
ts tariff on butter when Australia put a 4-cent tariff export on 
butter ¢ 
Mr. Goss. No; I am not, Mr. Fort. 
My. Forr. As I understand it, two years ago, when Australia gave a 
4-cent export bounty of some kind on butter, Canada, although they 
were both parts of the British dominion, instantly increased the tariff 
on butter from Australia 4 cents, making it an adverse tariff. So 
that we really had a preference of 4 cents in the Canadian market 
over Agee Pues You have not considered that phase of it? 
r. Goss. No: ave not been familiar with what Canada has 
done. 
Mr. Aswerr. Mr. Goss, may I ask you a question ? 
Mr. Goss. Yes, Doctor Aswell. 
Mr. Aswerr. In Germany the debenture certificate is good for 90 
days only, as you know. After 30 or 60 days its value is very low, 
relatively. Near the expiration of its existence the price is still 
lower. And bun would apply in this country. If they have it a 
a year, it would be relatively the same. 
Suppose I export 1,000 bales of cotton from New Orleans and that 
[ got 8 a bale. T would get a receipt for $10.000, would T not? 
r. Goss. Yes. 
Mr. AswerL. I would sell that receipt in the best ket : 
Would not the best market be mporters of dinmonds or of conse. 
that had a very high protective tariff; and would not the farmer 
on the things he purchases get very little or no value from my export 
receipt Would not I naturally turn to the importers of diamonds 
or Jace x ig or something like that? 
r. (Goss. o not see why you should, Doc s 
the importer of diamonds, if fe had a Aswell. because 
Mr. AsweLL. Would pay me more. 
Mr. Kincarrok. No; you would only get 22 cents for it. 
a ASWELL. At that time it will not be worth over 14 cents. 
oor Ir. Goss I think you have misunderstood this certificate of ex- 
DO en tres, Doctor Aswell. When vou have been issued the 
e— 
Mr. AsweLr. What I have i i S . . 
me from the beginning, So She a ea a Tht Tou 
fo make the debenture certificate apply to Ue things the farmer 
a to buy in the lowegaril brackets. 
. ELOE. It is supposed to reflect under this bill 
Mr. 18 8 s bill. 
i h Sowers hat Jo will lose Js value. Let me get this clear. 
be as great the last three months i was i. Fl Ce Td it Lo hee 
st. would 1t, becaus 
bars would not be as fh chance to use it? Mee 
limits the eli re Sowell, we have a provision in this bill which 
I will come to that section in a fo De I uti. 
vision there will alu Te 2 ew moments. And under that pro- 
there are debentures ay Le figs as much market for debentures as 
FOR eh 1 Corti ty of op ye at market. You are assuming that 
bales of cotton? $10. on the exportation of a thousand 
Doctor Aswrerr, Yes