TRADE WITH CANADA

Dominion, Volume 22, Issue 36, 6 November 1928, Page 18

TRADE WITH CANADA

NEW ZEALAND’S CHANCE

The rapid growth of Canada's purchasing power is attributable to many things, chief amongst them being her earnest and successful efforts to exploit the Dominion’s vast and valuable natural resources and to secure outside markets for her products (writes George J. Bruce). To-day Canada does business with 112 countries and has a favourable trade balance with 80. At the end of March, 1928, the aggregate favourable trade balance was 141,500,000 dollars. The percentage increase in exports of some of the principal countries for the year 1924 over the year 1913 are as follow: Union of South Africa, 160; . Canada, 142; Japan, 135; New Zealand, 124;. Argentine, 109; Australia, 100; Spaifi, 86; Great Britain, 39. As a producer Canada is first in nickel, first in newsprint, first in asbestos, third in gold, third in silver, third in wheat, fourth in copper, fourth in lead, sixth in zinc, produces 55 per cent, of the world’s cobalt, and owns a sixth of the world’s known coal reserve. Canada’s wheat cron this year was the greatest on record and will net her hundreds of dollars. The salmon pack on the west coast of British Columbia was a record one. The rising prices of lumber, copper, silver and farm products will increase by millions of dollars Canada’s income for the current year. What Canada Wants. Canada is so busy with other things that she does not yet produce nearly the quantity of meat, butter, honey, jams, woollen goods, meadow seeds, and other lines that New Zealand could sell her in much larger quantities. Canada likes what New Zealand sends her and would buy lots more of it. She greedily eats up all the New Zealand butter and lamb she can get. She wants more New Zealand woollens right away this winter. Here is New Zealand’s opportunity to get in soundly on a friendly market before the trade goes elsewhere.