CAPITAL FOR CANADA.

Waikato Times, Volume 101, Issue 16946, 8 November 1926, Page 7

CAPITAL FOR CANADA.

UNITED STATES’ INVESTMENTS BRITAIN’S HANDICAP. (Australian and N.Z. Cable Assn.) LONDON, Nov. C. Attention is drawn to the investment of United States capital in Canadian enterprises by Sir Percival Phillips in an article published in the Daily Mail. . . The writer says that in 1913 investors in Hie United States held 17 per cent, of Canadian capital, but now they hold 53 per cent. They control the pulp, paper,- mining, motor-car and lumber industries. Recent issues of Canadian stock at Pittsburg were largely over-sub-scribed. A leading investment banker in Wisconsin said United States investors were keen on Canada because they believed she would be in future the most wealthy portion of the continent. Ml Canadians regret the fact that American capital lias secured this dominancc in their Dominion, but they recognise that Britain cannot invest on the same scale as before the war. They consider that to some extent apathy is responsible. Sir Percival expresses the opinion that the flow of capital to Canada from the United States is not a political move aiming at the ultimate annexation of the Dominion, but that it is a pure matter of business. Investors, he says, seek proilts, not provinces.