“I hold that fiscal reform is, and must remain, the first constructive work of the Unionist party; That the objects of such reform are to secure more equal terms of competition for British trade and closer commercial union with the Colonies. ... the establishment of a moderate general tariff on manufactured goods, not imposed for the purpose of raising prices or giving artificial protection against legitimate competition, and the imposition of a small duty on foreign corn are not in principle objectionable, and should be adopted if shown to be necessary for the attainment of the ends in view or for the purposes of revenue.”

—  Arthur James Balfour

Letter to Joseph Chamberlain (14 February 1906), quoted in The Times (15 February 1906), p. 9
Leader of the Opposition

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Arthur James Balfour 48
British Conservative politician and statesman 1848–1930

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