BENEFIT TO CANADA

Evening Post, Volume CX, Issue 140, 11 December 1930, Page 8

BENEFIT TO CANADA

INFLUX OF INDUSTRIES

ESCAPING TARIFF WALLS

(From "The Post's" Representative.) VANCOTJVEE, 12th November. Canada is becoming a baso for the. supply of foreign markets by United States manufacturers, as a means of escaping tariff barriers erected by many countries against them, in the opinion of bankers who have studied the causes and effects of this migration. It is estimated that thero arc 1500 American branch factories (in Canada. The flight of American industry to this Dominion is being rapidly accelerated. These branch factories employ several hundred thousand men. A large number of British industries are also established in Canada, but they are only one in ten to tho American branches. Since the opening of the Imperial Conference, however, there is a revival of interest on the part of British industries, many of which, notably in the' textile trade, are contemplating moving tho whole or portion of the plant to Can..da.

Every one of these branches adds to the economic and industrial growth of a young country and enhances Canada's prestige- as a member of the British Commonwealth of Nations. Employment is given to Canadians, skilled and unskilled, and theso entei^rises, originating in American capital, soon pass as thoroughly naturalised units into the great body of Canadian industry, furnishing in that respect a parallel to the early history of many American Industries and transportation units which were established on British capital. The advantages to be gained by participation in British preferential tariff benefits havo likewiso been an important contributing reason for the erection of such a largo number, of branch factories in Canada.