HomeMy WebLinkAboutThe Brussels Post, 1921-11-3, Page 7=.i
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CAPITAL INVEST.
MF IN CANADA
RESUMPTION OF INFLUX I
'OF FOREIGN MONEY.
TJnrninian'a' Resources Dai%;
Attracting Increased Atten-
:fon World's Capitalists.
The most frequently recurring word]
in Canadian economic converse is "nest
migration," it is continually on the!
'lips of 'trio country's statesmen anal,
iegidlators; it is to be found every dayl
in the editorial cellonas of Dominion's'
'journals; business men find In it the
Mirror widely reflects the genet•all
trend of cirnnmorelal:atnairs. The
;terns suggests the history of Canada's
wen'dell:11 growth in all respects since
Colfetler'atiou; In all that U signifies
ltos trio "1)eniitiiau's hope and expecte-
tion•at a development surpassing even
tiffs .unprecedented record in the next
hai1'f •ecnttury.
'Cauetla's interpreletiou of the word
M haven -Condi economic life, however,
admits a a wider significance than the
.entry -into the country of foreign
-peonies, and'inelmdes the introduction
at:+foreign capital. In agriculture and
tire successful settlement of the Do -
Minion's Nast, uncultivated tracts of
:fertile Mud 'lies `Canada's fundamental
'df :progress and future greatness,
'Thete,muut,'however, be u correspond-
ing 'Indesti'fai .growth with the de-
•vdlopnront of -mineral, forest and outer
natural .resources and expansion in
the 'rich! iff "manufacturing. To this
,end needed and the attrac.'
tion of 'stirs necessary factor to ea-
tfiolr#+1'ili+velopnaelft takes seeend Platte
in the Dominion's endeavors only to
that of :lucrensing the population by
fnilincies an'int'eiligont and assimil-
atie tylia of.settier:to the country.
In the general depression to which
Canada ovals sti.tijetded in common
with ether stations 'implicated in the
Great Warr and Which affected most
phaees of her araiilonal life, .it was
gratifying to state the resumption of
the influx of foreign money which had
practically ceased 'with the outbreak
of the war and continued whilst hos-
tilities were in progress, 1`he only
difference was that British capital
which had previously, led in the as-
sault on Canada became subservient
In Its volume to that of the Dulled
States, for the- very conditions which
militated against the transfer of any
substantial automats across the seas'
made it decidedly advantageous to
send money across the border. It was
estimated a short" while ago that
AN INTERESTING
OIL RECOVERY
EXPERIIVIENT IN
NEW BRUNSWICK
?The IJallare Vi1 Shale Test Riant of the
!-/ ngIo-Yeersian '.Oil Company, It is located at
Roeevale, New Brunswick, not Tar from the
nitttdielAraxu ton. Ten thousand gallons of oil
'were to he :extracted from the shales iii New
Brunsayiclr and a large plant erected if the
results ,are judged as satisfactory. •Photos-,bj
soariesy Cdrtta lian.National Railways. „
,i.;ffU1 C!
ije
United States capital invested in
Canada amounted to about 1,600 mil-
lions, or about ane half the total Bri-
tish. investment In the Dominion.
United States Investments in defilade.
The value of United States Invest-
ments is Canada during 1920 Is esti-
mated at $320,000,000, made up as fel-
lows; new bond issues placed in the
United States $235,000;000; other
bonds purchased, $15,000,000; Indus
trial investments $50,000,0001 Indus-
land inveatments $5,000,000; increase
In assets of insurance companies, $15,-
1000,000. This constituted a record for
United States investment, the figures
of 1919 being $200,000,000 and the high-
est previous figures the $207,000,000
of 1916, It is estimated that these
probably yield an annual return of
$90,000,000, including as they do some
of the Dominion's: best paying busi-
nesses.
Canada's Opportunity in Flax Fibre
"There is apparently little buying
In linen. Purchasers demand lower
prices and producers ere unwilling to
concede then. Nothing, apparently,
could be more anomalous than is the
situation le which the whole linen in-
dustry finds Itself. The source of its
raw material is drying up.Ruseia is
out of the list of producers altogether,
whilst most of the others report crop
failures and diminished production.
Any serious• buying motement is bound
to send Ilex up. Then linen, too, will
have to go up."'
The above announcement, quoted
from n recent issue of the Standard
Daily Trade Service; :bas a special
elenlficance for Canada as affecting
the future of the flax fibre industry. -
There is a tendency in souse quar-
ters to quote the present temporary
stagnation in the flax market es 'ea-
ten for curtailing Canadian activities wards• the perfection and invention of
labor-saving reaobinery for pulling.
and handling and preparing flax fibre
than has been clone in any other
Country, a fact which will place Cana-
da, In a preeminently advantageous'
position, for the cheep production of
fibre In .competition with other coun-
tries.
For the 'above reasons '. it would
seen, that a clear realization of the
situation and a peeper understanding
of the relation of present temporary
conditions to the future possibilities
of this industry, should result in im-
mediate preparatibe for more exten-
sive Canadian flat fibre production in
readiness to meet future shortage -and
that itwill be fifty years before Rus-
sia can return to large 'settle fibre
production.
Consider that a fair average acre
yield of fibre is 200 pounds and we see
that the Russian area under flax lnust
have comprised the enormous terri-
tory of at least tive.millign'acres. it
has been conclusively proven that ir-
rigated lands in Western Canada will
produce a flax fibre supeefor to the
average Russian produe , Ontario
grows a fibre which bas been sold in
competition with Belgian line: Quebec
and British Columbia have lands and
entente eminently suited to this crop.
What other country in the world with
suitable conditions has toelay the
necessary acreage available to meet
the vast Russian shortage?
Further, Ca.nudian brains and
energy have accomplished more to -
in fibre production. We believe that
the tenporaty conditions of depres-
sion (which at the moment apply to
almost every other class of tildestrial
raw material as well as to flax fibre)
should not be allowed to affect the
broad policy of future development of
the industry. Canada's, opportuuity
to -day is unique.
A clear conception Of the tonnage
produced by Buseia before the war,
and no longer available, must show
that the moment lerge;scale buying of
linen and its allied cottnnedities is re-
sumer' and the demand on spinning
mills again becomes active on tin -
paralleled world shortage of raw ma-
terial will be experienced. keen demand, Anil further, when that
Russia produced from 300,000 to..time comes, Canada should bb ready'
000,000 tons of fibre per annum, or to spin her own flax in lieieown mills
about 76 per cent, of the world's sup-, and thereby to reap tee full benefit of
rely..' Competent authorities think the adenetagosrvhich she will hold, �...®.a-
The total number of company in-'
corporations with' Dominion charters
in 1920 was 991 with a total eapitalifa-
tion of $603,210,850, the greater part
of which, without doubt, represents
foreign capital. dust how Investment
in Canada is increasing can -be real -
Mei front a comparison with the pre-
vious, year's figures when there was a
total of 512 companies• which received
Federal charters capitalized at $214,-
326,000. in addition to the figures
above recorded 88 companies, by sup-
plementary letters patent, increased
their capital 'stock by $85,187,750. In
considering tbese figures, too, it
should be borne in mind that no ac-
count Is taken of the host of com-
panies incorporated under the char-
ters of the various provinces, all of
which have power to grant charters..
The fact that last. year, in a period
generally considered depressive and,
one justifying conservation et action,
Canada practically trebled the incor-
porated capital stock of the previous
year and United States total invest-
ments nearly doubled, together with
the tendency apparent for English in-
coming capital to assume greater sub-
stantiality of volunne despite its mans'
handicaps, is just cause for boundless
optimism in the immediate future of
Canadian commerce and industry. In-
dications become more apparent every
Manufacture of Kraft in Canada
Kraft paper, or es it is better known
in its more common form, wrapping
paper, was first manufactured by a
Swede named Muntzing, who discover-
ed what is known as the sulphate pro -
00.15 of pulp malting. It was not until
1908 that Canadian paper mills began
to snake this unique product, and then
only en a very limited scale. With the
entry in 1912 of the Wayaganiack Pulp
and Paper Company at Three Rivers,
Quebec, which specialized in the mak-
ing
aking of genuine Kraft, the industry be-
gan to flourish in Canada and not only
were home requirements supplied but
a considerable quantity exported as
well. No statistics. of production are
available for the years prior to 1917,
but during that year the amount pro-
duced totalled. 27,000 tons. With the
increasing demand and other coin-
panies devoting more attention to this
day of the widespread attraction
Canada's resources are exerting and
the greater attention devoted to the
Dominion as a country for investment.
To an ever greater extent the great
undeveloped wealth of Canada will
draw capital for its exploitation.
PANTING TIME
Out in the woods the leaves are dropping, there'll soon be
snow and sleet and slosh, and we shauld do eur early shopping,
and thus avoid the Christmas nosh, Wheu I was young I had
my reasons for thinking time a laggard knave, and wearily I
viewed the seasons that crept tike mourners to a grave. For
when we're youmg the world's before -es, to -morrow is the day
of fate, and languid hours 'nit peeve and bore us, It is a punish-
, malt to wait.: But when we're old the world's bellied us, we are
but relies of the poet, and all the fleeting hours remind us 'that
any ane merles our last. And now the hours seem in a hurry,
likeiseing figures on the screen, and swift the seasons scoot and
sturry,'as though propelled by gasoline. The autumn rale to-
day is slopping, the wind is bleatr, the sky like lead, reminding
me of Christmas snapping, which should be done two months
ahead. But yesterday you heard me ecolding because the sum-
, mer heat was- great,, and now len ranting, on beholding' a threat
of winter at the gate. There is no halt In my endeavor to use
the monients;as they fly, for pausing Time toils on forever, and
takes the steepest hills on high.
REGL.AR FE
Ste.'? ti.tds
N'tAJ>! kt. 4-rirs
A i-UtW 014 IT
,'tT.'tt�i
size.!
By .Gene Byrnes
\Weir Dlt�
N� Do -11Ar,'IT
foR?
line of business the output gradually
rose until it reached the record figure
of 52,000 tons in 1920.
Kraft is utilized in numerous ways
and millions of people daily handle
this paper in one or another of its
countless fabrications•. It is manu-
factured into wrapping paper, envel-
opes, marketing bags, wall papers,
window blinds, chair seat coverings,
bags to contain "practically every
variety of household foods, twine, and
when oijed is' the recognized wrapper
for all foods of a greasy nature. It
has been Potted to make an excellent
Substitute for canvas owing to its
ability to withhold rain, and even
clothing is made from this wonderful
product, it being largely used in the
manufacture of workmen's. overalls,
rendering them bolt water and fire-
proof.
During the war Wayagamack Kraft
was supplied to the various- munition
boards in Canada and the united
Kingdon to be utilized in the snaking
of bullets. It was: also used in the
making ' of sand bags, which were
made from material previously woven
from Kraft yarn, and thus the neces-
sary strength required to hold their
contents and withstand adverse weath-
er conditions is obtained,
There appears to be no limit to the
many and varied articles which this
remarkable paper can be manufae. •
Wed Into, and the latest is a corn
or cereal cover invented by a gentle-
man farrier in the south of England.;
Owing to the. uncertainty of the;
weather during harvest time in Eng-'
land the farmer stands a chance of
losing a eonsiderabble portion of his'
crop from damp and mildew, To
overcome this detriment a corn cover
was conceived, which is made from
Kraft in the shape of a miniature roof.
capable of covering ten or a dozen
sheaves.
The numerous objects mentioned
above are only a sew of the many
things that can be manufactured from
I{raft, and suggestions of further ways
in which this extraordinary fabric can
be put to work are constantly being
brought to light. Each yeas' witnesses
new names on tee already long list of.
manufacturers of Kraft, and that
Canadian paper producers are well
aware of the value and importance of
this product is attested by the rapidly
increasing output.
When you have experienced evil.
men you become tolerant of the ec-
centricities of the good.
The wood of which the Ark ',vas
built has been identified by many
scientists as cypress.
0
P
Three Power' More, Canada's Business eaitzditior,is.
Show Fav<,rable Tread,
Three of the lesser Powers of Sstr-
ope, Ho11an4, Belgium and Portugal,
will sit in the Washington conference,
In mashers affecting the Pacific end
the Far East it will be a nine -Towel.
instead of a six -Power meeting. In
matters dealing with disarmament
proper the three lesser Powers will
not participate.
'these three are of the "Little Pee -
pies" of Europe; but they were not al-
ways "Little Peeples in a white
man's world, nor are they insignifdn sit
factors in the Par East, They have
been there a long, long time.
The map at the western Paeifse is
doted and speckled with Dutch hold-
ings. Ilolland has the Celebes, Timori,
her Spice Islands and her half of New
Guinea, She is in Sumatra, Java and
Borneo, There are 50,000 00.0` white,
brown and yellow men ie the Dutch
Bust Indies and the East .who ac-
knowledge the sway of Queen Wil-
helmina,
The subjects and the Government of
King Albert are mostly concerned
about Chinese investments. . The
thrifty folic of Belgium, through the
bankers of Antwerp and Benzsels,
have 'invested millions of Belgian
francs in the railways and other in-
dustries of chaotic China,
Portugal broke the way into the
immemorial East. The ships of Por-
tugal tarry us back to the sea ro-
mance of the fifteenth eentury, to
that famous summer of 1498, famous
2er'its Do Gama, its Columbus and its
John Cabot, In triose summer days
when the elder Cabot was creeping
southward along the American coast
to the thirty-eighth parallel and
'Christopher Columbus, on his third
and last voyage, was gazing en the
Orinoco and wondering if that mighty
water was coming down from some
"terrestrial paradise," Da Garna, that
hard-bitten salt .. of Portugal, was
sighting, the toast of Malabar.
Da Gama sailed into Calicut harbor;
had to fight his way out, but he had
shown the way, and his ships were the
canvas -winged forerunners of the in-
vasion of the East, by sen from the
West, that has dragged its way
through four centuries and more. The
Portuguese have been in the Far East
a very long time, Macao Island is
one of the most ancient of the white
man's abiding places there. There is
a Portuguese India and there ere 10,-
000,000 colonials under the flag of
Lisbon.
The "Little Peoples" helped to cre-
ate the Problems of the Pacific. They
should have a hand in their solution.
Their interests are such as to entitle
them to a seat in that part of the con-
ference. There have been days in not
remote history when their armaments
would have warranted thein in having
mu:•h to say about the stain problem
before the conference and the world
—that of the limitation of armaments
by land and sea.
University Class for Industrial
Workers.
Last week the Workers' Education-
al Association of Toronto commenced
its classes for the season in 0410 of
the buildings of the University of
Toronto. The subjects to be taught
are economics, international finar-ce,
trade union law, political philosophy,
British history, English literature and
composition, psychology and logic,
public speaking. The Workers' Educa-
tional Association of Hamilton las
three vigorous classes in economies,
psychology and logic, and English
Iiteiature'and composition. In Ottawa
the W.E.A. has also three classes,
one each in economics, history, Eng-
lish literature and composition.
In all three cities this instruction
is provided for working men and wo-
men by the provincial university—
another instance of the widespread ac-
tivity of the University of Toronto in
giving education to all people in the
province who wish to take advantage
of it. A prominent publicist said the
other day, "The University of To-
ronto is leading the way in linking
higher education to the world of af-
fairs."
A Timely Exposure.
A judge's little daughter, who had
attended her father's court for the
first tine, was very much interested in
the proceedings, After liar return.
home she told her mother:
"Papa made a speech, and several
outer men made speeches to twelve
men who sat all together, and then
these twelve men were put in a clerk
room to be developed."
Events transplriug during trio past
month have. been of more than usual
interest and give solid ;g quad fes•
, growing confidence and optieden,
The w•t:stst'n crop—on which the
eyes of eonimereial, and industrial
Canada have been earnestly turned---,
has proved up to expectation and lsl
being rapidly garnered and: shipped,
Western railway mileage is already
feeling the beneficial effect, Farmers•
showed an inclination to market their
grAin early 'with the result that by
the middle of September over 1,000
cars a day were arriving at the head
of the Great Lakes; since September'
lat, 1020, nearly a hundred tlfonsand
carloads of wheat had been unloaded.
at Port William tempered with Jiffy -
seven thousand for the same period
of the preceding year, The early
movement of grain has bad an excel-
lent' efrect 'on Western business and
ti gooll fall trade is anticipated.
It is not without signhicance that
the general managers of two Can-
adian . banks have visited the West
Indies, though the visit was osten-
sibly a holiday one, Sir John Aird of
the Canadian Bank of Commmerce and
Mi'. II. A. RIchardson of the Bank of
Nova Scotia are both heads of banks
whose branches are extensive in West
Indian territory, In an interview in
the Jamaica Gleaner, Mr, Richardson
pointed out that it was the policy of
Canadian steamship lines to plaeo
ships on routes, in the interests of
exporters, to all points that promised
development in" trade relations, and
he hoped that shipping interests
would receive sufficient eneourage-
ment,both from Canadian and West
Indian ands, to warrant regular and
increasingly frequent sailings.
The apple Crops in the Okanagan
Valley, British Columbia, and the
1 Annapolis Valley of Nova Scotia are
record ones.
A.nnual fall fairs and exhibitions
Ihave graphically displayed the 'im-
proved quality of the country's pro-
duce, livestock and manufacture and
drawn large, interested crowds. The
Canadian National Exhibition at Te-
rmite, opened so auspiciously by Lore
Byng, the Governor-General, offeially
declared the largest attendance in its
history, whilst fairs at Ottawa, Lon
j don, Quebec, Sherbrooke and Eastern
and Western circuits generally, have
reported excellent entries and results.
President Bogart of the Canadian
Rankers' Association spoke eotftdeat-
Iy ,of Canadian business conditions
when he said: "I think the nsost
gratifying feature about the situation
at present is the active demand in
Great Britain and Europe for Can-,
adian foodstuffs. For the next two
months more space hes been engaged
frons Canadian port:; for shipment to
Europe than for many year's past. We
should leek for an early marketing
of Western grain, and with the pro
ceeds in circulation expert a reduc-
tion in liabilities and an increased
activity in evillyail lines of bus-
iness."
The Rich Northwest.
The reported discovery of an ex-
tensive deposit of iron of high quality.
on the shores of Luke' Athabasca, in
the sub -Arctic region of our great
Canadian Northwest, follows rather
closely upon the account of the oil
strike near Port Norman, en the
LaLower, Mackenzie. west of Great BearBearke
The first lure that attracted pion-
eers to the region was the beaver,
The prosperity of the Hudson Bay
Company was founded en fur trade
with the Indians, The Eskimo had a
little copper at the mouth of the Cup-
permine River, and the Indians took
it from them in occasional raids. Bet
the mineral and metal resources of
Canada outside of the galley of the
Upper Yukon in the neighborhood of`
Dawson until lately have been com-
paratively neglected. The great work
of the Canadian Ministry of Mines
and the reports of the Geological Sur-
vey of Canada of an exemplary thor-
oughness, are publishing to the werhl
the assuranee of large returns for
sound investment and strenuous toil
in a land that Nature never 'remit
for the dilettante, which the home -
biding and comfort -loving portion, of
mankind regards indeed as the Whom.
ination of desolation.
The Glow of the Forward
Track.
The back traelt is the losesenrvt
road any man ever travelled. He v�he
takes it leaves behind him all .ha
razonrsaematftvslextaranmfnonsFga.
ever has dans of good; 11,• turn,. itis
back en the pessilriliiit- or the ften-e
and FAY:4 to hard noel,. "1 -nn hemi era
once maybe yen ran ,r a it swain. rill
going back to sere" eo he invite' s.hc
defeat he des,t nos,
But the forward trtsP 1 ,_c
shine with hope and promise. and .'Mn...
spiratiotl It 1s not se isss . ;il
to 1r<avel as is the ba<•Ie tract:.. Meet
of the thorns have been beaten down
that way. The hummocks have been
smoatleel. The forward traelt has
some hard work elieail,• llal iorwns,d
wort: ilrver• has any dread for the
mast with fire in his heart.
The forward ta•uck,leads somewhere,
It May 'bo we ran not see the end of
tis reel just yet, '.Chita makes it all
the more attractive. When we lceow,
all the steps of the way we are taking,
1lffe becomes one long dead level.
There are no surprises. We pletl
sinning isteily anal win rt lazy man's
resant•ds:
Mighty fine is the glow of the. j'or-
s:•Aril traelt: Are ye edk ng and
wcn•Icing In its sltine;i