Canadian Import Duties
Some light is thrown on the protectionist movement in Canada by the announcement that a syndicate formed by Germau capitalists is trying hard to secure a monopoly ot the irou interests of the Dominion. If the Canadian Government agrees to maintain the new duties on this material, the representative of the syndicate, Mr Hamper, is authorised to carry out a scheme next in magnitude to the Canadian Pacific Railway. His propnsal is to devlop the iron deposits in Nova Scotia, lie is endeavouring to to acquire the lnter-Lolouial and North Shore Railways, 900 miles in extent, in order to secure direct rail communication with Montreal, where the headquaters of the syndicate will be established. Smelting furnaces and a steel rail plant will be erected in Picton, Nova Scotia, if the Government will agree to put a duty on rails of 17dols. per ton for ten years. We thought from the first that there was some underground influence at work directing the agitation for increased duties, and it will not be very long before the Canadian people will understand that they are beiug made dupes of. —Iron
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Bibliographic details
Gisborne Standard and Cook County Gazette, Volume I, Issue 56, 20 October 1887, Page 3
Word Count
189Canadian Import Duties Gisborne Standard and Cook County Gazette, Volume I, Issue 56, 20 October 1887, Page 3
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