Sections of the
chamber are being organised for each of the important trades and
industries in the kingdom, and committees named to enter into
negotiations with every one of the Latin-American republics, where
offices will be established in all important towns.
The Board of Trade has also learned the lesson of co-operation for
foreign trade. As one result, British syndicates, composed of small
manufacturers, who share the overhead cost, are forming to open up new
markets the world over. These syndicates correspond with the familiar
German Cartel, which did so much to plant German products wherever the
sun shone.
England, too, has wiped out one other block to her trade expansion: For
years many of her consuls were naturalised Germans. Many of them were
trustworthy public servants. Others, true to the promptings of birth,
diverted trade to their Fatherland. To-day the Consular Service is
purged of Teutonic blood. It is one more evidence of the gospel of
"England for the English!"
All this new trade expansion cannot be achieved without the real sinew
of war, which is capital. Here, too, England is awake to the emergency.
Typical of her plan of campaign is the projected British Trade Bank,
which will provide facilities for oversea commercial development, and
which will not conflict with the work ordinarily done by the
joint-stock, colonial and British foreign banks. It will do for British
foreign trade what the huge German combinations of capital did so long
and so effectively for Teuton commerce.
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