Though the Chamber was founded for the benefit of the business community of the Tamil Districts, in its actual functioning it has not been discriminating in its functions and is working on broad national principles for the benefits of the entire Mercantile Community, without confining to any particular section, area or State.
As an example, it may be stated that when the concessions permitting the maintenance of accounts fro Sales Tax in Gujarathi and Marwari was withdrawn by the State Government in the year 1953. Our chamber raised a strong protest to the Government and submitted a memorandum and stressed upon the serious hardship that would be caused to a large section of the merchants from North India who were carrying on business in this State.
As spokesman/mouth piece of the Organised Commerce and Industry it is of a Chamber of Commerce duty to fearlessly present the point of view in respect of official policies and programmes of the Government. Ever since the inception the Chamber has been consistently pleading that for the ordered economic development of the country and to keep the Government well informed of the Commercial and Industrial problems. Whenever occasion or opportunity arouse the Chamber has not failed to stress upon the point, the notable one being the strong plea submitted to Dr.Rajendra Prasad, President of India on 7th April 1951, when he visited, Madras for separate representative for the Mercantile Community both at the Central and at State Legislatures is essential as the trading community alone can keep the Government correctly informed the difficulties confronting it.
The Chamber has also been pleading that For the Economic Development: First and foremost, the government should cut down its own expenditure and has been persistently impressing upon them to economize its administration.