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Indian Unrest by Sir Valentine Chirol
page 28 of 438 (06%)
the right of financial control; it means the right of the
people to impose protective and prohibitive tariffs on foreign
imports. The moment we have the right of self-taxation,
what shall we do? We shall not try to be engaged in this
uphill work of industrial boycott. But we shall do what
every nation has done. Under the circumstances in which
we live now, we shall impose a heavy prohibitive protective
tariff upon every inch of textile fabric from Manchester,
upon every blade of knife that comes from Leeds. We shall
refuse to grant admittance to a British soul into our territory.
We would not allow British capital to be engaged in
the development of Indian resources, as it is now engaged.
We would not grant any right to British capitalists to dig
up the mineral wealth of the land and carry it to their own
isles. We shall want foreign capital. But we shall apply
for foreign loans in the open market of the whole world,
guaranteeing the credit of the Indian Government, the
Indian nation, for the repayment of the loan, just as America
has done and is doing, just as Russia is doing now, just as
Japan has been doing of late. And England's commercial
interests would not be furthered in the way these are being
furthered now, under the conditions of popular self-government,
though it might be within the Empire. But what
would it mean within the Empire? It would mean that
England would have to enter into some arrangement with
us for some preferential tariff. England would have to come
to our markets on the conditions that we would impose
upon her for the purpose, if she wanted an open door in
India, and after a while, when we have developed our resources
a little and organized our industrial life, we would want the
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