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description from entering into a reasonaUecompetitioniwith them ; and we are not entitled as a matter of right to complain of the exception by which in specified cases the power is reserved of exceeding this maximum *). It is however hoped that the exercise of this power will be rarely and most cautious] y resorted to, and in no event so as to prevent the operation of aiairandreasonable competition. The commercial views of H. M.'s government as referable tb foreign states, seconded as they have already been by parliament, being sincerdy liberal, nothing would be so likely to defeat their object as the adoption of,a contrary system by friendly states, and nothing would be so much regretted by the kings government as that, while endeavouring to give more freedom to trade they should hnd themselves driven into petty cohtentions respecting counteracting duties with other government», by which all must be uirimately sufferers.

Upon the second point, that of the transit duty of 3 per cent % I am glad to observe that it has not escaped the notice of the Netherland government (indeed it is so expressed in the explanatory paper) that but few articles would wdl bear so high a duty, and it has doubtless been feit that the trade by transit with the employment it affords and the expenditure it occasions, is an absolute and clear gain to a country so fortunate as to possess the • channels through which it is conducted.

But there is one thing connected with this trade, as laid down in the new system, which appears to H. M/s government open to objection, and that is the prohibition of the passage of such foreign goods in transit as are or may be prohibited from the interior consumption of the country*).

The pohcy of establishing such a prohibition, even if the right itself was as dear as it appears dubious, may well be queaiioned. This, however,'is a part of the Subject upon which it is not for H.

l) Art. na der wet: „.. .zullende dienvolgens het maximum der regten, zoo op het inkomen als op het uitgaan, met betrekking tot voorwerpen, welke met de voortbrengselen der inlandsche nijverheid in een onmiddellijk verband staan, op zes percent, en ten aanzien van alle andere, welke niet in die termen vallen, op drie percent kunnen gebragt worden, behoudens in het eene zoowel als in het andere dezer gevallen die uitzonderingen, omtrent welke men eventueel een verbod van invoer of uitvoer of een hooger regt mogt onvermijdelijk achten."

*) Art. ne.

*) Art. 10 f: „Goederen, bij den invoerverboden, zullen van het voorregt om te mogen transiteren, verstoken zijn."

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