New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-09
Britain Takes Controlling Hand
In Canada's Nickel Monopoly
N., Con,nanv Backed by English Capital, Plans Large
Development Of Ontario Mines-"iA ouppV
All Requirements OF Government

ada in 1918, with an authorized capi'aI
of 500 .0O0, 900. to take over the rights
held by Pacific Securities, Limited
Negotiations in connection with tne
financing of the enterprise were SUN
in progress when DR.. Pearson was
drowned on the Lusitania IN 1919. Fol-
lowing the death of the principal pro-
moter, the undertaking was delayed LOT
months bv the unfavorable condition OF
the money market. Then negotiations
were resumed in London and partner
shin established with the British gov
eminent.
Some 1900 acres of mineral land,
including a number of well developed
properties, are owned by the company.
Diamond drilling has proved l8'ooO.oCu
tons of ore on these holdings, lhciuu-
ing the 100000 tons located only
few days ago. A considerable amount
of new development work has oeeh
done.
Officers of Company
James II. Dunn, a Canadian capital
ist residing in London, England, is
president Of the corporation. lie Is
representing the British government
The vice-presidents are Messrs. j.
Frater Taylor and w. A. Carlyle. Mr..
Carlyle is a Canadian by birth, and ar
one time was Deputy Minister OF Mines
in British Columbia. He has since
been professor of netallurgy in the
Royal School Of Mines, London, an
for some time was manager of the Rio
Tinto copper mines in Spain. ", H.
Coade is secretary-treasurer. Inc
ID a Il
as manager of the reduction works OF
the Anaconda Copper Mining Company
in order to become associated with
the British America Nickel Corpora
ton. Following are the directors
Messrs. A. G.. Anderson and II. Nal
colin Hubbard, of London. England ;
Admiral Borresen and Messrs. Sam
Eyde and V. n. Hybinette, of Norway,
and Messrs. Z. R. Wood. J. s. Lowell
Robert Gowans an R. Home Smith, OF
Toronto.
International Nickel Expands
Developments since the war have
brought about remarkable change IN
the Canadian nickel industry. Under
pressure of public opinion the lnterna-
tional Nickel Company has reconsid-
eEcQ It's TeIuSdl 70 llIlplthcHb Nhc piNA4
Uses given 70 the Ontario government
by its predecessor, the Canadian Cop
per Company, that the product from
Ontario ores would be refined in Can
ada. The International company is
building a $4,000,000 refinery at Port
Colborne, Ontario, on Lake Erie, and 1t
is expected that the plant will be com
pleted and ready for operation By the
end Of the year. A subsidiary com
pany, known as the International Nickel
Company of Canada, Ltd, has been in
corporated to operate the Ontario re
fning works.
There is no indication that the par
ticipstion Of the British government in
the undertaking of the British America
Nickel Corporation contemplates any
general commercial competition with
the international company, other than
10 secure an ample supply of the metal
for all future needs of the imperial
authorities.
Construction by both companies Of
such large refining plants in Ontario
means much more for Canada than the
mere gain of two large industries. The
latter will make possible a more eff
fective control over the disposition of
Canadian nickel and enable the British
Empire and friendly nations to profit
from Ontario's 80 per cent monopoly of
the nickel output of the world. There
will be no recurrence of the condition
which existed at the outbreak of the
war, when not pound of Canadian
nickel was refined within the Dominion.