Oil and Iron Ore in Canada

Chronicle (Levin), 15 November 1949, Page 2

Oil and Iron Ore in Canada

WELLINGTON, Nov. 14. The most impprtant change since his absenee from Canacta, said the Higb Commissioner for Canada (Mr. A. Rive), on his return to Wellington today from home leave, was undoubtedly the discovery of oil deposits. These, he said, were on sueh a seale as to be lilcely to suffice for that Dominion 's own requirements, and leave a balanee for export to the United States. Engineers were building a 1200-mile pipeline from Ludec, in Alberta, to Lake Superior to facilitate the distribution of oil to the United States. One of the repercussions of the discovery. continued Mr. Rive, would be a reduction in Canada 's requirements of Ameri can dollars, as hitherto considerable quantities of coal had been imported. He also believed there would be a considerable development of electricity in diffe'rent parts of Canada. The second major development was the discovery in Northern Quebec and on the boundary of Labrador of vast quantities of iron ore which would also have a marked effect on Canada 's economy. The thiTd change was the incorpora tion of Newfoundland within the Dominiou 's federation. "There is a feeling among our people that the federatoin is now complete," said Mr. Rive, "though, of course, other provinces— -the Yukon is one section — may yet be developed. Discussing Canada 's tfade with New Zealand, Mr. Rive 'said that his Do minion would like to take more butter, but it was realised, of course, that only sufficient was produced for New Zea land's own requirements and her contracts.