CANADA’S INDUSTRIES

Sun (Auckland), Volume III, Issue 693, 19 June 1929, Page 10

CANADA’S INDUSTRIES

CRY FOR MORE PROTECTION) TRADE TREATIES ATTACKED ('.Australian and X.Z. Press Association) j (United Service) Reed. 9.5 a.m. SARNIA (Ontario), Tuesday. Fruit. butter, meat, vegetables, shoes, wool, sugar—all these, and other products, are being produced in Canada in ever-decreasing quantities because of the “short-sighted policy of the Mackenzie King Government in the matter of tariffs.” declared the Conservative leader, Mr. R. B. Bennett, in an address here during the course of his Canadian tour. In all his speeches so far, Mr. Bennett has confined himself to fiscal matters, concentrating on an appeal for more protection for Canadian industry. He made much of the Australian and New Zealand treaties, charging that under them butter was being imported into Canada in such quantities as almost to ruin the Canadian dairy industry. Compared with a policy which permitted butter to be made in a country where cows could pasture all the year round, he cited the policy of the United States. President Hoover, b;vA his executive power, had increased the duty on milk and cream coming from Canada. The result was that the United States was buying up dairy cows. This country was starting herds, while Canada was losing the dairying industry. There were 101,000 fewer cows in Canada now than there were a year ago.

SHORT-DATED LOANS RETENTION WANTED “Perfectly absurd,” said a member of the Auckland executive of the New Zealand Farmers’ Union last evening, when the question of pressing for the extension of the time of all shortdated loans to soldier settlers to a term of 36 years was discussed. The discussion arose out of a communication from the Takahue branch of the union. It was decided that the executive view the proposition with disfavour. Members contended that it would tend to do away with all short-dated credits. At the moment the department had the power to extend loans to soldier settlers where circumstances warranted such a move.

SUBSIDY ON PORK MINIMUM GUARANTEE WANTED Members of the Auckland executive of the New Zealand Farmers’ Union are not satisfied with the present method of administering the pork subsidy. It is considered that it should be administered much on the same lines as the fruit subsidy—paid out only when the price of pork on the Home market dropped below a certain level. At a meeting of the executive last evening it was decided that Auckland delegates to the electoral committee of the New Zealand Meat Producers’ Board be asked to use their influence to have the method of administering the subsidy amended.

HIDE MARKET FIRM AUCKLAND SALE Cow hides met with a very keen demand at the fortnightly hide and skin sale held by the Auckland Woolbrokers’ Association yesterday. Prices were from par to better than at the last sale. Ox hides sold at late rates. Sheep skins met with a spirited sale at late rates. There was only a small catalogue. COMPANY REGISTRATIONS Five private companies were registered in Auckland yesterday. Details are as follow: Central Heating Company (New Zealand), Ltd., mechanical heating engineers and manufacturers of heating appliances. Capital, £4,200 In £1 shares. Subscribers: Benjamin Herbert Andrew, 5,000 shares; Bertha Andrew, 1,000 shares; Ernest Wilkinson, 200 shares. J. Collinson, Ltd., general drapers and outfitters. Capital, £1,875 in £1 shares. Subscribers: Jack Collinson, 575 shares; Gertie Collinson, 1,000 shares; Philip Collinson, 300 shares. Broadway Motor Bodies, Ltd., motor and coach body builders. Capital. £750 in £1 shares. Subscribers: Harry Grange, 749 shares; Colin Harry Grange, L share. The Southern Land Company, Ltd., stock dealers and financial agents. Capital, £350 in £1 shares. Subscribers: Joseph Solomon Emanuel, 349 shares; Berenice Emanuel, 1 share. Brown Brothers. Ltd., tobacco growers. Capital, £IOO in £1 shares. Subscribers: Clifford Seaman Sanderson and George M. Read, 50 shares each. LONDON METAL MARKETS (Australian and N.Z. Press Association) LONDON", Monday. The following are today's quotations for metals, compared with those on June 14:— Copper.—Spot, £75 3s l£d (£76 3s 9d); three months, £74 16s 10ld (£74 16s lOid). Electrolytic Copper.—Spot £B4 5s (£B4 ss): three months, £S4 10s (£B4 10s). Wire Bars.— £S4 10s (£S4 10s). Lead.—Spot, £2B 13s 9d (£23 Us 3d); three months, £23 13s 9d (£23 10s). Spelter.—Spot. £26 Is Sd (£26 3s 9d): three months, £2.3 ISs lid (£26 Is 3d). Tin.—Spot, £2Ol Is 3d (£l9B 10s); three months, £204 6s 3d (£2Ol 10s). Silver.—Standard, 24 7-16 d (24 5-16 d) an ounce; fine, 26 3-Sd (25 5-16 d). MINING NEWS HAURAKI. —The manager reports as follows: ‘’Three faces are working in the stopes on the Stockwood reef from the 400 ft level and all the quartz broken is being sent to the battery for crushing. Another pass is being put in near the seaward face, making the stoping block 120 ft in length. Driving seaward is being resumed today. The reef here is three feet in width and looks promising for gold. The approximate distance to the junction with the Green Harp reef is 40 feet, which will not take very long to drive now that the rock drill will be working. Owing to the corrosion of one of the bolding down bolts of the stamper box, ! the battery was stopped part of the week for repairs, which have been effected. The machinery both at the battery and the mine is running smoothly. Low level development work can be resumed at anytime now. The pump is easily dealing with the water at the 400 ft level. This work will have to go full time until the 500 ft level is reached, requiring a further six men.”