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INDEX
.Depreciation of Gold since 1848 Extent of our f"eign trade com-
[1872 J-continued. paredwiththatwith the Colonies,
and impossibility of thi" country
of gold about twenty. million £, obtaining from the Colonies many
89-90· of the raw nlaterials required for
Third. Future movement of gold our industries, 396-397.
and its effect on prices; relation IDamage done to the cause ofIm-
of current supply to current de- perial federation by the advocacy
mand; Germany's gold currency of a customs union, 398-399.
causes large demand for gold in Means for promotion of Imperial
Germany, 91-94. federation, 399.
Effects of a possible resumption of Recognition by the Colonies of the
specie payments by France and benefits to them, arising from
United States; probable exces- England's free trade policy, 400.
sive demand for gold in future, Improved postal and telegraphic
with a consequent rise in its value, communication in the Empire,
95-97· 401-402.
DEPRESSION in trade raises ques- Monetary union, necessity for a,
tion of foreign competition, i. within the Empire, 402.
Commercial law, greater unity in,
4 2 3. within the Empire, 403.
DIAGRAMS as to causes of recent Commercial treaties, the Empire as
fall in prices, i. 2 I 3. a whole should be the unit in
negotiating future, 403.
DISARMAMENT, general, imprac- Conclusion, 404.
ticability of, ii. 244.
.Dream, The, of a British Zoll- DRUNKENNESS, consumption of
verein [1902], ii. 387. liquor not a test of,. ii. 54.
Introductory remarks, 387. EARNINGS of British ships. See
Necessity for Imperial federation,
but commercial union not the Freights.
best means to that end, proved Economic Aspects of Ihe South
historically, 387-389. African War [1900], ii. 204-
Difficulties of forming a British
Zollverein examined, 390- 221.
(a) Physical separation of the dif- The war not of same magnitude as
ferent parts of the Empire, 391. American War or Franco-Ger-
(b) Variety of race and business; man War, though not one of our
import duties for revenue pur- little wars, 204-
poses, 392. The war of far greater importance
(e) Difficuityof"pooling" arrange- to South Africa than to the Brit-
ments in a British customs union, ish Empire; effects of the war as
far as the United Kingdom and
39 2 •
(d) Uncertain political status of the Empire are concerned; fin-
certain states or provinces such ance of the war, as regards raising
as Egypt, 393. loans and new taxes, 204-205.
"Preferential arrangements" be- I. Disturbance of industry in South
tween the mother country and Africa greater in proportion than
the Colonies considered, 394- in any former war, owing to stop-
Certainty of injury to mother page of gold mining, which might
country and Colonies, from pre- have been carried on despite the
ferential tariffs, through diversion war, 206.
of their trade from its natural The interruptions to other ind ustri~,
channels, 395. coal minwg, agriculture, ins~.
Political advantages doubtful; Hof- fieant COlI pared with gold mirung,'
meyr suggestion examined, 395- 2°7·
Bad feeling likely ~ be caused in Gains to certain classes in South
foreign countries, ~specia1ly the Mrica from the war, 207-:z08.
United States, 396 2. Effects of the war on the United