London, Feb. 4.
Industries may henceforth secure protection if. it is proved to the satisfaction of the Board of Trade that they are suffering from unfair or abnormal competition and also demonstrated that they are managed efficiently and economically. The of protection, however, will ited by a Finance Bill, in which such protection will be legalized. Moreover, no applications will be considered relating to food or drink, The foregoing summonses a long: White Paper detailing the Govern ment's safeguarding of indust policy, which has had reception from the press.
The Conservative organs welcome the "eminently reasonable" proposals, which, they assert, satisfy all but the "most hide-bound Free-Traders," an exception being the Morning Post," which charges the Government with safeguarding not only industries but also the pledges fand compromises of the Party, resulting, in its opinion, in the like-Tihood that the industries will suffer for conscience sake.
The Liberal papers, however, angrily denounce "tariffs by the back door." They accuse the Government of a breach of pledge and criticise them for not embodying the reposals in a regular Parliamentary Bill.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.