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Show LI PLEADS FOR FREEDOMAS TO FISCAL POLICIES a Chancellor of the Exchequer i Denounces Treaties Guaranteeing Guar-anteeing "Most Favored Nation Treatment." RELATIONS WITH U. S. LEFT UNAFFECTED Announcement Believed to Be Step Toward Unity of Allied Powers in After-War After-War Trade Struggle. f 1 I LONDON, May 14. Andrew Bonar AiLaw, chancellor of the exchequer, made ?fcn important announcement in the house fcpf commons Monday, the Times says, .vhen, in reply to a question by Sir Ed-ward Ed-ward Carson, he said the British government gov-ernment intended to adopt a policy similar simi-lar to that of the French government In : denouncing all commercial conventions If ontalnlng a general clause regarding Jymoat favored nations." ";. Such a step, the Times declared in its Editorial comment, will leave Great Britain Brit-ain free in matters of fiscal policy. Up-fto Up-fto this time the United Kingdom has i$een bound by commercial treaties with filled and neutral countries guaranteeing jJreciprnca! "most favored nation'' treat-ttnent treat-ttnent in fiscal matters. VojCommercifcl treaties with enemy coun-'trles coun-'trles were terminated by the war. So long as commercial treaties remained in force, the Times adds, it was impossible for the United Kingdom to give specially favorable treatment to her dominions or allie3 In customs duties on imports or to differentiate between countries to which are exported goods of the United King-i King-i rtom- These commercial treaties are now to be denounced. This denunciation, it is said, does not mean necessarily that there will oe any radical change in the fiscal policy of Great Britain; but it makes such a change possible. |