AIR MISSIONS

Wairarapa Times-Age, 7 November 1939, Page 5

AIR MISSIONS

DISCUSSIONS IN OTTAWA ACTION ON LARGE SCALE PLANNEDORDERS IN UNITED STATES. ' By Telegraph—Press Association—Copyright. OTTAWA, November 5. The British. Australian and New Zealand air missions will begin their formal discussions in Canada tomorrow.

It is believed that immediate orders are being placed in the United States. A combined British-Canadian purchasing mission is being established in New York. Financial' authorities state that. Canada’s long-range plan of financial assistance to Britain involves the repatriation of Canadian securities, and later loans to Britain. A fund of 91,000 dollars provided from a repatriation of Canadian callable securities held in Britain will be used to finance the British mission’s purchase of war supplies. A Commerce Department survey in Washington declares that Canada has a large capacity for industrial raw material production. The major contribution to Hie war will be the supply of arms, ammunition, foodstuffs and equipment. The productive expansion depends on the intensity and duration of the war. War contracts at present affect principally the aircraft, textile, footwear, and railcar industries, but indirectly all industry is stimulated. The survey adds that of 3.465,000 dollars capital employed in 1937 in Canadian manufacturing 1,047,000,000 were in United States-controlled companies.