MONEY FOR CANADA.

Manawatu Herald, Volume XXXIX, Issue 1678, 24 February 1917, Page 4

MONEY FOR CANADA.

Since the outbreak of the European war about 50 American industrial corporations have opened branch establishments in Canada. Most of these have gone to Ontario, several to Quebec Province, and a few to western cities of the Dominion. it is conservatively estimated that these 50 plants represent an investment of 15,000,000 dollars. Prior to the war there were about 450 such companies in Canada, so that the total investment of the 500 concerns must at least amount; to 150,000,000 dollars. For years prior to the war a number of American industrial -corporations, such as the international Harvester Company, the Singer Sewing Machine Company, and the Westinghouse Electric established plants in various parts of Europe, including Russia. Since the war, however, the extension has been largely in the direction of Canada because of the saving in the cost of distributing their product, and also for tariff reasons. Following is a partial list of the articles manufactured by American companies that have recently located in Canada : —Railway accessories, overalls, chemicals, silverware and flatware, automobiles, horse-shoes, steel goods, patent medicines, spices, soaps, perfumes, glue, beet sugar, pumps, greenhouses, railway signals, fuses, boxes, spreaders, silk gloves, stockings, tires, steel, steel products, (‘aimed goods, automobile varnishes, helling, store counters, explosives, pulp and paper, sewing machines, aloxite and oilier abrasives and electric furnace products, grain and elevator machinery, silk and elmmoiselte gloves, refined nickel, and cotton seed oil products. The total of American investments in Canada, according to the Monetary Times of Toronto, is 978,000,000 dollars, of which 150.000,000 dollars represents the branch factories. Discussing what it calls “the United States commercial invasion,” the Monetary Times says: —Since informal discussion in informal quarters has been heard as to the possibility of favourable tariffs among the Allies and the Dominions after (he way, there has been an impetus given to the movement of United Stales branch plants to Canada, and a number of inquiries continue to be made by United Stales firms with a view to their establishment- in the Dominion. In (lie event of favourable tariff treatment as between the Allies and the Dominions, these United Slates manufacturers in Canada expect to he regarded as Canadian manufacturers, and thus entitled to the benefits of any sm-li favourable tariff legislation. These firms are now in a position to eater at (dose range to the demands of (he Canadian market, and hope also to be in a position to handle some or all of their export trade from their Canadian factories under present or revised tariffs, of various countries.