DIVERSION OF CAPITAL.
, MONEY FOR CANADA. (By Telegraph.—Own Correspondent). Welington, Thursday. A Wellington professional man', who has just returned from a visit; to Canada, stated that what struck him most in the older and larger Dominion was' the fascination it had exerted over the English investor. He travelled from Liverpool with a comparatively large number of moneyed men, who were going themselves to see what opportunity Canada offered, in the Eastern provinces of the Far West, for the profitable investment of their own and trust fund* They complained, he said, that owing to the increased burdens placed on land in, Britain, they were now unable to find remunerative outlets for their money in the United Kingdom. In Vancouver he met a well-known New Zealander, now a resident of England, who was investing large sums of money in real estate in the chief city of Western Canada—money withdrawn from New Zealand. That part of Canada, however, had every appearance of a land boom, with the inevitable depression to follow. Another thing he noticed in Canada was the encouragement given by the Government to immigrant settlers. They were given IGO acres of land, free of all charge and upon easy residential conditions. This inducement was attracting a tremendous influx of population from Great Britain. There was a steady stream, too, of immigrants from the United States. In fact, last year 100,000 Americans crossed the frontier to settle in Canada. This was most disconcerting to the United States Government, which has set up a commission to see if some remedy cannot be devised to arrest the flow of farmers from the State to the Dominion. The British emigrants to Canada appeared to be of iin excellemt stamp. As the gentleman interviewed travelled on the same ship with them, he was in a position to form an opinion' of them.
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Taranaki Daily News, Volume LV, Issue 113, 28 September 1912, Page 3
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306DIVERSION OF CAPITAL. Taranaki Daily News, Volume LV, Issue 113, 28 September 1912, Page 3
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