IMPORTS INCREASE

Evening Post, Volume CV, Issue 147, 23 June 1928, Page 12

IMPORTS INCREASE

EXPORTS DECREASE CANADIAN TRADE DECLINE Australian Press Association—United Servlc*. (Received 23rd June,. 8 a.m.) ' ' ' OTTAWA, 22nd June. Canada's favourable visible! balance of trade declined 145,00.0,000 dollars for the year ending 31st May./ Imports increased by 87,000,000 dollars, and exports decreased by- 61,000,000 dollars. *■ Canada's trade for 1927 totalled 2,325,----899,934 dollars. Imports were 1,087,117,930 dollars; exports, 1,238,782,001 dollars, leaving a favourable ' balance of 151,664,074 dollars. The May review of the Department' of Colonisation and Development ■of the Canadian Pacific Railway quoted the Minister of Trade and Commence to the'effect that, reducing values to the, 1914 level, Canada's trade,last year was nearly 77 per cent, greater than for five years previously. Outputs of farms, forests, and mines were increasing year by year and making themselves felt more and more upon export' markets, and the - Minister stressed the importance of Canada as a country. manufacturing' for • export. There were 1400 branch plants of United States industries located,in Canada since the war, largely..with -a .view to engaging in. trade in the ißr.itisli Empire. More recently there has been a greater and growing interest of British manufacturers to engage in Canadian industries, which include mining, pulp and paper, sugar .beet, flour and artificial silk; .also woollen goods, jams, confectionery, paints and varnishes, and mica products. .