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INDEX                    449
                    its  over-retfresentation  in Par-  3.  Earnings  of  Brilitih  ships  em-
                    liament, i. 278;  ii.  J 6.   ployed  in  roreign  trade,  and
                   POputATtoN o( United Kingdom   commissions earned bymerehanll
                                                  and  others.  or invisible  uports
                    lost  by emigration since  f20,   (about  one  hundred million £),
                    Ii. 23.    .                  4 17.
                   _e_ o( United. States  and Aus-  Suitabilit, o( the United Kingdom
                    tralasia. effects o( immigration   as  a  place  o( residence  and  lIS
                                                  an  industrial  centre considered,
                    on, ii.  349.   .             42Q,
                   -- of United  States, rapid  in-  Favourable  climate,  compactness
                    crease of, it 2I, 25.         o(  litualion,  facility  for  equip-
                  .  -- growth  of,  and  the  means   ment o( machinery and buildin~;
                                                  advantages  to  home  industnes
                    (or its subsistence, ii. 275.   resulting from importation of raw
                   -- (male) of France, Germany   materials,  the  United  Kingdom
                    and  United  Kingdom  over    a  country  of free  imports,  and
                                                  the British  Banking  System, all
                    twenty, ii.  77.              (avourahle  to  the country's con-
                   --- statistics, . difficulties  o( in-  tinued prosperity, 421-4%2.
                    ternational  comparisons  or,  ii.   Fallacies o( the present fiscal agita.
                    43·                           tion, 423.
                   PREFERENTIAL  tariffs  between   The changes in our primary indus-
                                                  tries,  such  as  agriculture  and
                     United Kingdom and the Col-  mining, are inevitable, and a re-
                    onies, objections to,  ii. 394.   sult  of  our  economic  de .. elo~
                   Present  e(onom"  (onditions  and   ment,426.
                    olilloo~ /0'  llu  United  King-  Manufacturing   industries   and
                                                  "dumping."  Conclusion,  427-
                    dom  [1904], ii. 405-430.     430.
                      Introductory remarks, 405.
                      Bulk  of exchange  or  trade  in  a   PRICES, changes in, and incomes
                       community is alway. among  the   compared, i.  156.
                       member. of that community, and   -  of commodities,  fall  or,  in
                       their  prosperi I, depends  largely   1873'79. i. J21.
                       on their own industry, 405-406.
                      Primlll)'  and  secondlll}'  industries,   -- fall in, means a fall in wages
                       effects of, 407.         at a later date, i. 151.
                      I.  Amount  and  proportion  to the   -- fall  or, since 1870,  an  ele-
                       whole industry o( the country,o(   ment in diminished increase in
                       the 46,xt". things required, 408.
                      Exports of British  and  Irish  pro-  export values, i. 359.
                       duce, allowance  to be made for   -- periodical variations in, and
                       imp<?rted raw materials to which   their  inJluence on trade statis-
                       Bntish industry has been applied,   tics, i.  298.
                       4OCJ.
                      Im~orts (or hQllle consumptioa con·   -- rise  in, and  increased  5Up-
                       sldered  in  relation  to  the  total   ply of gold, i. 75.
                       income of the people, 410.   -- o(  sugar,  clothing,  etc.,
                      Income  from  our  foreign  invest·   lower now than fifty years ago,
                       ments  (about  ninety million £),   . but great rise in meat, i. 395.
                       and its relation to imports, 411.
                      2.  Amount  and  natllfC of exports,   PRIMARY  and  secondary  indus-
                       4 13.                    tries, effects of, ii. 4°7.
                      T46U.  Exports of British  produce   PROBATE  and  succession  duties,
                       and  manufactutes  in  1902.  less   inequalities of, i. 260.
                       raw materials imported and con·
                       tained  in  the  manufactures  u'   PROGRESS. England, recent rate
                       ported, 414.             of mate~al, ii. 99.
                     II.                   GG
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