Show BRITISH EMBARGO TO AID INDUSTRY Not Tatter Matter of Free Trade or Protection Says Balfour I New cw York Feb S. S Sir Sir Robert Balfour BalI Balfour Bal Bal- four tour discussing discussing- tho the recent British embargo embargo embargo em em- I bargo order upon his arrival hero her from Crom England today declared that It was not a matter of free freo trade trado or protection protection protection tion In fn tho fiscal sense sense- but one of ot I self preservation of or British Industries I which have been disorganized and rendered unproductive by the war I Sir Robert lobert who Is an officer of or the Importing firms of ot Balfour Williamson William William- son Co of this city and Balfour GuthrIe com company an of ot San Francisco anda and ana a Liberal member e of t the l British parlia- parlia t e e. e th Gl B dl s It t r arl s std men v. v om a U. U 6 that the tho United Kingdom had passed through a period of oC great trial and difficulty When Whets the war ended he ho said It was found that a great man many Industries were WHO not In a productive condition owing to conversion for war purposes The Tho country countr Is faced with the I situation situa tion of or disorganized Industry he con con- con I It has to provide pro employment for Its people During the tho war Great Britain has become a debtor rather than a a. creditor nation and It has lias sold solda a largo large volume of ot negotiable securities securities ties to provide tho the sinews of war wan This has placed the tho country In fn a less favorable favorable favor tavor- able position and has meant the loss of Income It has adversely nd affected tho the I position of ot exchanges notably American Ameri Ameri- can cnn so that both bolh Industrial and financial financial finan finan- cial considerations are arc involved ol This Is tho the underlying cause of of the I finan-I action that has beon been criticized |