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U.S.A. AND CANADA

ECONOMIC PENETRATION.

STEEL MAGNATE'S VIEWS

(FROM DUB, OWN CpRBESPONDEffT.)

SYDNEY, January 13,

Keen iibservatjpng cpncerning the es--of the American inflijenpe on, Canada were made here by Sir 'Hugh Poynter, a cousin of the British Pruuo Minister aud Mr liudyard Kipjing, who lias cpine to Sydney to'represent the Australian interests of Baldwins., Ltd., the great English steel firm, Jijir Hugh Ppynter has represented the, company in Canada for the pa§t )jv§ years.

Ho declared, that the pppnoinje, pener tration pf Canada by the United Btateg was serious from the British , point of view. Arnerjc&p money and influence could bp felt everywhere, and at time§ it reacted witl) alarming fhjanpial re* suits to British manufacturers apd workers generally. In pne specific instapue, hp said, Americans had obtained cqntroj pt a large, canning concern jn British Columbia. Up to that, time a Welsh tu>plate company had supplied all the "tin tp the canning firm, but after the advent of the Americafls, the British firm received 'pp erders. Instead, the tin was supplied from &VAmerican source. Many more instances pould bo cited, Tlie Aniprieans had obtained a grggt hplil gn 6anaja eeonpmjcaliy, and many ABierjpaßß bejd important "executive positions jn big concerns, which meant fliuph *9 Canada as a natipn, It had been said, continued Sir Hugh Ppynter, that Canada, pbtained a vast number of British migrants, and that the country was developing rapid* ly It was true that trem«fldP»s numbers of British wprkers were migrating tp Canada* but a great prp? portion of them were eroding the bonder and becoming Americana. The British and Canadian Governments helped these people to press ths Atlantic ta a new land, and in nian.v instances the United States benefited.. Canada was not develppjng as rapidly a$ she should, and the position was eausing the Government great ppncern.. Canada was standardised on American lines, and the Canadian Government borrowed large sums of American money.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/CHP19270120.2.97

Bibliographic details
Ngā taipitopito pukapuka

Press, Volume LXIII, Issue 18904, 20 January 1927, Page 9

Word count
Tapeke kupu
319

U.S.A. AND CANADA Press, Volume LXIII, Issue 18904, 20 January 1927, Page 9

U.S.A. AND CANADA Press, Volume LXIII, Issue 18904, 20 January 1927, Page 9

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