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Proposed Import Duty On Steel

Volume 91: debated on Monday 25 March 1901

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I beg to ask Mr. Chancellor of the Exchequer whether, in view of the formation of the American Steel Trust, the threatened increase in the German steel duties, and the need for raising fresh revenue to meet the growing expenditure of the country, he will consider the advisability of submitting proposals to the House for a substantial import duty on foreign steel.

I can only say to the hon. Member, what I say to the numerous correspondents who offer me suggestions for raising revenue, that I cannot anticipate my Budget statement.

Do I understand the right hon. Gentleman to say he is not prepared to consider this suggestion?