CANADIAN TRADE.

Auckland Star, Volume 55, Issue 22, 26 January 1924, Page 7

CANADIAN TRADE.

A GOOD RECOVERY. j INCREASED IMMIGRATION. j . I (Per Reuters Agency.) I MONTREAL, January 1. ' Judging by all the generally accepted indices of national developments and prosperity Canada, during 1923, has made sure and steady progress towards economic recovery from the post-war aftermath of deflation and the world-wide dislocation of markets. The total trade of the Dominion for the twelve months ending with October shows an increase of 351.000,000 dollars, as compared with the preceding twelve months. Exports increased by 179,000,----000 dollars, and imports by 172,000,000 dollars. The trade balance in favour of Canada on domestic exports was 82,----000,000 dollars. In regard to immigration the total figures for the first ten months of the calendar year were 107,----000, an increase of about 120 per cent, as compared with the preceding year. In national revenues and expenditures there was a betterment up to the c.nd of November of approximately 10,000,000 dollars in revenue, while expenditures decreased by 2,000,000 dollars, and tbe national system of railways will show a net operating betterment of approximately 18,000,000 dollars for the full year. Figures of Canadian trade for the 12 months ending with October show the following increases with the principal countries of export and import:—lncrease in total trade with the Empire, 90,975,969 dollars; with the United Kingdom, 64,165,899 dollars; United States, 211,474,701 dollars; France, 6,757,828 dollars; Germany, 9,182,96_ dollars; Italy, 3,682,447 dollars; Australia, 5,920,360 dollars; British East Indies, 4.991,099 dollars; British South Africa, 1,920,000 dollars. A marked feature of the j-ear's developments has been the continued influx of the United States investment. j particularly in regard to establishing • branch plants iv Canada for the autoI mobile industry, thus enabling export from Canada of automobiles and automobile parts under the British preferential tariff. At the present time cars exported from Canada enjoy a British preference of 33 per cent as against the higher tariff when exported direct from the United States. A phenomenal increase in the automobile export Ibusiness from Canada to other British countries has been one of the main contributing factors to the total increase in export trade. It is estimated that there are now one thousand branch plants of American factories in Canada, and the total United States ivestment in Canadian industrial enterprises is estimated at 550.000.000 dollars, or 31 per cent of the total investment, while the estimate of British capital in these enterprises is 255,000,000, or 10.3 per cent of the total. Trade with New Zealand for seven months ended October, 1923. is tabulated as follows :— ; ■

EXPORTS TO NEW ZEALAND. IMPORTS FKOJI NEW ZEALAND. Valup. Incrpasp. Dollars. Dollars. Total Pxports .... 7.028,243 2.831.R12 Freight autos ...'. ~'23r.!a;52 *lf>fl."s4S Xpwsprint paper . 509,927 120,240 Barbed wire of iron and stepl. . 115,714 42.G39 Tubes, pipes and fittings 1S7.S37 40.S7X Wlrp nails lSn.TOil en.S2i> Candy 77,330 3.-.S2+ Canvas shoes, .... 167,269 83,009 Pnpiuiiatic tyre casings 403.270 2R7.RS0 Lumber (fir) .... 100.302 44,396 Valup. Incrpasc. Dollnrs. Dollars. Total imports ... 1.266.761 470.002 Butter ' 116,717 13.74:? Kaw wool. r,50.r>RS 2»S,92n Cattle skins 1 S3,»nO P.S.490 Sausage casings . . 138,474 7S.322