THE RESULTS OF THE POLICY. &amp;g

Chamber of Commerce held in London in December,
 1903. It is certain to be heard more of,
especially if the time comes when the colonies
can produce more than is required for the British
market and have to compete against one another.
The refusal to accede to a request by one colony
to be placed upon equal terms with another more
favourably situated would certainly create a grievance
 against the Mother Country even if it did not
cause inter-colonial jealousy, and would probably
lead to demands for an extension of the preference
to other articles of commerce. On the other hand,
a differential tariff would in all probability cause
worse jealousy. Thus emulation, friction, and
disappointment would replace harmony and
unity! The feeling of Canada, as far as it was
expressed to us, was practically unanimous against
a differential tariff Moreover, such a tariff would
need constant readjustment as the colonies developed.
 The readjustment of the simplest protective
 tariff is a long and difficult affair, owing to
the interdependence of various industries and the
necessity of co-ordinating their products. It is a
work from which Governments shrink owing to
its difficulty.

1 The following will show more clearly of what we mean.
Australia has an enormous area, which, ifirrigated, will grow
an average of eight bushels of wheat to the acre. The
expense of irrigating, harvesting and freight must so
handicap her in competing against Canada that without
a preference over that colony she can scarcely hope to find
a place in the British market.