Page 4 Advertisements Column 4

Inangahua Times, 22 April 1932, Page 4

CANADIANS CONTROL OWN BUSINESS 65 Pek Cent, of Capital Owned in Canada. Ottawa, March 18 Those who fear the ultimate domination of Canada by foreign capital and its influences find small ground for their belief in new figures compiled by the Dominion Bureau of Statistics on the basis of last year’s census of industry. Total business capital employed in Canada' is £3,900,000,000, exclusive of private capital in domestic enterprises such as farms and homes, and of the total about 65 per cent, is owned in this Dominion. Of the remainder 13 per cant, is owned in Great Britain, 21 per cent, in the United States and one per cent, in other countries. Canada’s national wealth is estimated at about £6,200,000,000, and British and foreign gross investments represent about 20 per cent, of this total. The business capital of £3,i 900,000,000 is secured by takI ing the total of bonded indebt I edness of Dominion, provincial 1 and municipal governments, investments in railways, all manufacturing concerns, mines and | metal industries, public utilities, i trading establishments, etc. Of | British investments 67 per cent. I are in Government securities and public utilities, chiefly railroads. United States investments are 50 per cent, in industrial and mining securities and an equal proportion in Governments and utilities. British and foreign investments in branch plants in Canada are more than £300,000000. Canadian investments abroad are estimated at £375000,000.

PATTERSON’S Grocery Store CENTRAL BROADWAY P.O. Box 61 Phone 24