Evening star., 1921-10-02
SAYS CANADIAN
TRADE IS At STAKE
Newfoundland Premier Sees
High Tariff as Killing
American Exports.
Special Dispatch to The Star.

Special Dispatch to The Star.
OTTAWA. Canada, October IL
made several visits to Washington
and interviewed President Harding
Secretary of State Hughes. Secretary
of Commerce Hoover and DIR. Klein
of the United States Department of
Trade and Commerce." said Sir Rich
ard Squires. premier of Newfound-
land, ito impress on them that high
tariff duties against the island will
three in their favor
II was in touch with large financial
interests whose business would be
seriously handicapped in the event OF
the United States putting on pro-
hibitive tariff against the expectation
of Newfoundland products. including
Goldfish, herring and OIL" said Sir
Richard. "At Washington I also ad
dressed the Senate finance commit
tee"
Balance Of Trade Here.
"The position took he continued.
was that the balance of trade be-
tween the United States and New
foundland was very largely in favor
of the former, and that in preparing
draft tariff of such a nature as to
prohibit the sale of our products there
they were really striking a blow at
United States trade with our coun-
try. The quantity of our fish and
oil consumed by the United States
was shown to be exceedingly small
as compared with the volume of
trade they are doing with us. l
showed that the gross consumption of
United States products in Newfound-
land, either shipped directly or pur-
chased through Canadian houses, ap-
proximated s20,00O.O00, as against
ha pnndQ w
took from US. leaving balance of
trade of approximately twenty to
three in their favor
Trade With Germany.
While Canadas imports show a
great decline. there is still vast
amount of Canadian money finding
it's way to the American republic
Government reports just out here
show decline in exports from last
year, but that they are still nearly
S90.000,000 in excess of those of 1919.
Another interesting feature is that.
in spite of the strong feeling against
Germany, trade with that country
grows.
While Canada's imports for the year
ended in August, 1921, show a vast
decline from the figures of last year.
cess of. the figures for 1919. Exports
from Canada during the three years
have shown a continuing decrease,
according to a bulletin issued by the
Dominion bureau of statistics.
During the past year imports from
The United Kingdom were valued at
s14S, 1874 .5S7, and from the United States
s6S3.3S9,S5S. Exports to the United
Kingdom were worth $2S3.S5S, ISL,
and to the United States $455,O11 563
The United Kingdom took more Cana
dian vegetable and animal products
than did the United States, but in
fibers and textiles. minerals and
metals, chemical products, and espe-
cially wood and paper, the United
States was much the larger customer.
Canada's imports from Germany
during the year ending August, 1921,
totaled $2,065,266, as against $370,T65
.ast year and $1o,555 in 1919. 1ncreas-
ed Importation is also shown from
Bermuda, British Guiana, Belgium,
Mexico. Holland and Sweden.
Canada's exports to Germany in
1921. amounted to. $s,417.127, COM
pared with $2,402.122 for 1920 and
s38,157 in 1919. Increased trade for
his year over 1920 Is also shown with
Australia, the Argentine Republic,
Mexico. the Netherlands and Italy.
italy bought from Canada last year
goods valued at $4s,2O2,3S7, compared
with $24,235.4S in 1920 and $685.
us in 1919.