TRANSACTIONS OF SECTION F. 785 



with the United Kingdom is double the total commerce of Italy with the United 

 Kingdom. 



Diversity of production and the short distances between Great Britain and 

 Ireland and the Spanish Peninsula in Europe, between Canada, and Cuba, and 

 Porto Rico in America, and between the Philippine Islands and the British pos- 

 sessions in the East, must help the natural stream of trade between the British 

 and Spanish Empires all over the world ; but in order to attain this end it would 

 be necessary to append to the new commercial convention a clause of international 

 arbitration, such as was agreed upon by England and Italy in the last treaty of 

 commerce between those countries, and such as has been introduced into over 

 twenty other international treaties, namely, a clause for the settlement by arbitra- 

 tion of all controversies which may arise on the interpretation or the execution of 

 the largest commercial treaty which has ever been made ; and lastly, that in order 

 to difl'use in both countries the knowledge of each other's resources it would be 

 wise to create Spanish Chambers of Commerce ki the British Empire, and British 

 Chambers of Commerce in Spain and her colonies, and to promote an Anglo- 

 Peninsular delegation of these corporations. 



1886. 3 K 



