Page 162 - clra62_0019-(GIPE)
P. 162

I S4       ECONOMIC  INQUIRIES  AND  STUDIES
                  would  be about £3,000,000, again  much  less  than  10
                  per cent. of the total production.
                    It would  be  needless  to  multiply instances, though
                  there  are  some  even  more  striking because  the  new
                  countries  are  smaller.  In  Tasmania  we  should  have
                  about £400,000 only of manufactures imported of every
                  kind, and here the smallness of the amount, apart from
                  any question  of proportion  to  total  production, is im-
                  portant.  The least sense of the scale of modern manu-
                  facturing'production  makes it obvious that no manufac-
                  tures to any great extent, such as will create towns and
                  promote improvement, can be set up in  a new country
                  like Tasmania by protective import duties or any other·
                  protectionist device.

                    The next stage of the argument is that, by the nature
                  of  the  case,  many,  if not  most,  of the  manufactures
                  which are not local  in  a  new country cannot be estab-
                  lished  there  at  all  because  the  market  is  not  large
                  enough.  I  should define  a  new country to be where a
                  population of not more than  I  to  I t millions is spread
                  over a  territory the  size  of England  or more.  Such a
                  population  is  quite  able  to  occupy  a  country  agri-
                  culturally, and it is a  population of this  sort  that  is to
                  be found  in  our Australian  colonies, in many parts of
                  the United  States,  in  Canada,  and  in  the  Argentine
                  Republic.  And  no  such community of a  million or so
                  spread  over  a  territory  like  England,  and a fortiori
                  spread  over a  larger  territory, can  have  more than  a
                  few descriptions of factory manufactures if there is only
                  to be a  home market.  I t is easy to speak of cotton, or
                  woollen,  or  linen, or silk,  or iron, or  leather manufac-
                  tures.  But each of these designations in reality includes
                  many manufactures,  and  for  each  one  of these  there
                  may be no adequate market in a population of a million.
                  Therefore, such manufactures  cannot be locally estab-
                  lished in a new country however much you  try.  Take
                  shipping.  Suppose  by  some  monopoly  the  colony of
                  Victoria were to endeavour by means of import duties
   157   158   159   160   161   162   163   164   165   166   167