New-York tribune., 1918-01-21
Finance Economics
Telephones:
Hanover 661A

gratifying to know that the chairman
OF the Imperial Munitions Board has
made arrangements with the Ordnance
department of the United States to use
until next midsummer such surplus
facilities existing here for the produc.
.lon OF munitions as will help to meet
tne requirements Of that co lntry. Can
ada is producing gun ammunition, in.
GUIDING propellants. high explosives
fuses and cartridge cases, in $50 fac
.orics situated from st. John, in tho
east, to Victoria, in the west. In addi-
ton to contracts given to private Cor
poraticns. the Imperial Munitions
Board has developed government fac
torres Tor the loading of fuses for the
production of powder and high explo-
siVes, Tor the manufacture of sulphuric
ana nitric acids and acctone, and of
steel and forgings, and for the con-
structlon of aeroplanes On these
plants the sum of $13,5O0 900 has been
expended for account of the impcrial |
government
=, The board has also contracted for
the building of large number of the
latest type of high power aeroplane en-
slnes Tor the use of fighting planes at
the front. This engine Represents the
hlgnest type of workmanship Of any
engine that has been produced, and we
may well De proud that such young
ana inexperienced country as Canada
is able to undertake the work Evcn
more important from the industrial
point of view is the fact that there are
now under contract in Canada for the
imperial and the Norwegian govern
ments steel and wooden ships aggre-
eating IN value over S9O,OOO,OOO. Up
10 december forty-four steel and
1orty-six wooden steamships have been
ordered. The steel ships range from
l,SO0 to $500 tons dead weight with q
total carrying capacity of 213,GOO tons.
and the wooden ships have an indi,
vidual carrying capacity of $500 tons
aead welght, with total of 115,OO0
TONS; IN addition to this, twenty-two
steel vessels of $500 tons dead WEIGHT
capacity each have been ordered on
norwegian account, total of 77.OOO
.ons. lhls makes grand total of 112
shlps with d05,60O tons capacity."
According to the "Deutschcr Reichs-
anzciger,' of Berlin, recent Bundles
rat order requires until further notice
the consent Of the state governments
for:
!. The establishment of share COM
pany or limited company with more
than 100000 marks ($71,400 at normal
exchanged of original capital. If
shares arc issued at a premium the
actual issue price is the one to be
considered.
>. Any decision to make such an in
crease IN the original capital of a
share company or limited company
founded after November 5, 1917, as
VIII bring the original capital of such
company up to more than 100000
marks; and any decision to make such
an increase in the original capital of
share company or limited company
founded before November 5, 1917. as
vii bring the total additions since
that date to the original capital of
such company up to more than 30O,0Ov
marks.
3. Any decision to issue participate
ing certificates comforting a claim
upon the dividends of share company
or limited company, or upon a share
of the property Of such company IN
the event of it's dissolution.
The state government competent to
grant the requisite permission in any
particular case is the government IN
whose territory the company is es-
tabllshcd or is to be established. The
Imperial Chancellor is authorized to
prescribe that the consent may be
granted only in agreement with him
self, or with an authority specified BY
him.
The production OF gold in Canada
last year was probably the largest for
fifteen years. Official figures are not
yet available, but mining has been ac-
tive, and the output in 1917 will likely
be as large as if not larger than, in
the previous year. According to the
preliminary report issued by John Nc
Lelsh. chief of the division of mineral
resources and statistics, Dominion De-
partment Of Mines, last fall (the latest
official figures availablal the gold pro-
duction for 1916 was the largest since
1902, amounting to 926,923 fine ounces,
valued at $19,162,025, an increase of l
per cent over 1915. OF this production
the Hollinger Consolidated Mines con-
trlbuted about dS per cent and the
Dol"e ABOUT Il per cent. The report
shows that Ontario has been since 1914
the largest gold producing province of
Canada. For 1916 the production was
4S9,o?9 fine ounces. valued at $lO,122,-
563, being 52.S per cent of the total
production for Canada and an increase
OF 2o.4 per cent over that of 1915 and
81 per cent over the 1914 production.
Of the total 1916 production S4,957, ,663.
or 26 per cent, was derived from placer
and alluvial mining; $10,472,723, or 81
per cent, in bullion and refined gold,
and 3,731 ,639, or 20 per cent, contained
in matte, blister copper, rcsidues and
ores exported.