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The Colonies are prepared to meet us. In return for a very moderate preference they will give us a substantial advantage. They will give us, in the first place—I believe they will reserve to us the trade which we already enjoy. They will arrange for tariffs in the future in order not to start industries in competition with those which are already in existence in the mother country...But they will do a great deal more for you. This is certain. Not only will they enable you to retain the trade which you have, but they are ready to give you preference to all the trade which is now done with them by foreign competitors...We must either draw closer together or we shall drift apart...It is, I believe, absolutely impossible for you to maintain in the long run your present loose and indefinable relations and preserve these Colonies parts of the Empire...Can we invent a tie which must be a practical one, which will prevent separation...I say that it is only by commercial union, reciprocal preference, that you can lay the foundations of the confederation of the Empire to which we all look forward as a brilliant possibility. (en) |
