ABSTRACT
Dumping is a term applied to the exportation of articles at a price either below the cost of production or much below the home selling price. In the first Fiscal Blue Book the Board of Trade made a careful examination of the export policy of the Trusts of Germany and America. In each case they showed that the dumping policy is occasionally practised, but there is no evidence whatever of any deliberate attempt to injure British industry by continuous under-selling. Thus as to Germany, the Blue Book says, page 297:
" It is, of course, easy to suppose a state of things in which a kartell (syndicate) or a combination of kartells, might deliberately export at a low price with the principal or the exclusive aim of injuring and ultimately of entirely ruining and bringing to a close a particular industry in a foreign country. But it cannot be said that there is any clear evidence of such action on the part of the German combinations, whose export policy up to the present time appears to be mainly the result of supply exceeding demand in the German domestic markets."
