NOT U.S. OWNED.

Auckland Star, Volume LXVIII, Issue 153, 30 June 1937, Page 21

NOT U.S. OWNED.

CANADA'S INDUSTRY.

PROGRESS OF COUNTRY. LUNCHEON ADDRESS. "I can't let this opportunity pass without attempting to correct the common belief in many {tarts that Canada ir merely a little brother of the I nited States and that Canadian industry is really owned and controlled by the I n:ted States." said the Canadian Trade Commissioner. Mr. W. F. Bull, in a luncheon address to members of the Auckland Chamber of Commerce. "This is far from the truth, and one of our statistical sources has recently it- - Hcd an interesting rej>ort on this point of ownership of Canadian manufacturing industries. They found that out of every 100 dollars involved in Canadian manufacturing industry in 19tv>. i 0 dollars was Canadian c.ipitti 1 7 20 dollars American capital and 10 dollars I nit-ed Kingdom and other capital." Mr. Bull traced the development of Canada through the eras of fur. fish and i mi,her. agriculture and mining and manufacturing. He spoke of problems raced t-o-doy in some of these activities, mentioning the prospect of a shortage of newsprint within the next few rears. He "old of farmers who were compelled to walk off their properties i-i a section of t:ie country which paralleled the "dust '•owl" area of the United States. It took a great deal of courage to leave a home into which years of labour ■id bit n put. but that .-ort of courage «a> not lacking in the men and women " *'o '">d been faced with successive nmual crop failures. Mining recovery had done a great deal to a>>i>t ceneial business recoverv in Canada. >aid Mr. Bull, who referred to the to-..juration of prospectors, scientists, air ser\ ices and miners in the mining and refining of ore<. Dealing with Canada as an exporting countrj . Mr. Bull said its contention— backed by statistics—was that it bought practically as much from Xew Zealand as Xew Zealand did from Canada.