s 



of corn in the course of the last fifteen years, but, what 

 is of special interest to us, a considerable jump in the 

 year 1906-7, immediately after the new Tariff came into 

 force, and the unmistakable growth since then. It may, 

 of course, be argued that this increase of prices has been 

 noticeable in all countries and is not confined to Germany 

 alone. As against this it is but necessary to compare 

 the prices in Germany and this country in order to see 

 that all through German prices have been increased by 

 the amount of the duty. Thus the annual average prices 

 of wheat per imperial quarter in England and Wales and 

 Prussia have been, since 1875, as follows:* 



Ever since the first duties were introduced the prices 

 in Prussia have invariably stood above those in England 

 and Wales almost to the exact amount of the duty.t 

 Indeed, it could not be otherwise, for though the pro- 

 duction of corn cannot be regulated in a manner similar 

 to that of manufactured articles, in consequence of which 

 a good crop must necessarily lead to a fall of home prices, 

 be the import duty ever so high, that danger has been 



" British and Foreign Trade and Industry," 1909 (Cd. 4954), pp. 

 194-195. 



t According to the " Vierteljahrshcft zur Statistik des Deutschen 

 Reiches," 1910, I., the price for wheat in the first quarter of the current 

 year was as follows: Berlin, 226.2; London, 164.5; Odessa, 167.6; 

 Chicago, 173.5, ar| d Liverpool, 191.3 marks (shillings) per ton. 



