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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 18, 1971, Lethbridge, Alberta Congratulations to Silk-0-liiui from: Belding Corticelli Ltd. MONTREAL SUPPLIERS OF RIBBONS, TAPES, THREADS, BINDINGS, ELASTICS, elc. -Wednesday, August 18, 1971 THE LETHBRIDGE HERALD 33 The inveslinenl game, It's statistical mumbo jumbo CONGRATULATIONS AND BEST WISHES TO Silk-0-liiia from H. BROWN SILK COMPANY LTD. H. BROWN WOOLLENS LTD. TORONTO Best Wishes Silk-0-linu, Best wishes for your continued success from: DOMCORD BRAID LACE CO. LTD. TORONTO We wish an old friend since 1934 all the succes t1iat solid, steady growth deserves. Laces Limited MONTREAL By ROD CURRIU WASHINGTON (CP) Largely overlooked in the Ca- nadian controversy over per- vasive United States invest- ments there is the intriguing statistic that shows Canadians per capita have a bigger slake in the U.S. than the Americans have in Canada. Bui it's a hit of statistical inunibo jumbo lhat implies more than it should. While it's a fact Canadians per capita have a U.S. invest- ment of about ?5GO compared wilh Ihe American's in- terest in Canada, Ihe unbal- ance between Canada's 21 million population and the 210 million U.S. population makes the difference. Total Canadian investment in the and portfo- SI 1.773 billion while American investment in Can- ada totals S34.323 billion. Perhaps equally significant from the Canadian point of view is the fad that a much greater proportion of U.S. in- vestment there is in "productive facilities" includ- ing plants and factories and such fields as petroleum and natural gas and others that lap Canada's natural re- sources. S21.075 bil- j direcl. while only about bil- the Canadian tolal in- v e s I m c n t here is direcl, mainly in manufacLuring. These are book values based on Hie lalesl U.S. commerce department figures at the end I of JM. i inr; vKYiTitivi I M.iny Canadian ventures arc formidable Carling Brewing Co.. a sub- sidiary of Canadian Brewer- ies, liie world's largest beer PURCHASE SALE WESTINGHOUSE "FROST-FREE 13.1 r Refrigerators Manu. Sugg. List Price 379.95 NOW AT CAPITOL FURNITURE ONLY CIIARGEX CONVENIENT URMSI OR USE YOUR CHARGEX CARD COMPARE! YOU'LL BUY WESTINGHOUSE! frost free Attractive styling Big capacity Modern features 17V'i Ib. meat keeper Full width crisper Butler compartment Adjustable shelves Compact forced-air cooling system with 5 year warranty Can be built-in Lifetime magnetic door seals Attractive handles wodgrain decent! COLORED REFRIGERATORS IN SAME MODEL ONLY '10 Extra SERVICE AND SATISFACTION GUARANTEEDI 326 Stli STREET SOUTH PHONE 327-8578 producer, has seven plants in the U.S. with sales of more than million, greater than those of the Canadian parent. Massey-Ferguson Ltd., world's largest producer of farm machinery, has eight plants employing Amer- icans. Seagrams controls mure than one-fifth of the U.S. liquor market and Hiram Walker and Sons Inc., another Canadian-owned subsidiary, has vasl plant and bottling fa- cilities scattered throughout the U.S. At a lime when Canada strictly restricts the activities of foreign bankers there, Ca- nadian banks and insufance firms are expanding U.S. in- terests rapidly. Canadian-born giants of the American busi- ness world include Garfield Weston, food, bakery and gro- ceteria lycoon, and publisher Lord Thomson who owns 44 dailies and 12 weekly news- papers in the U.S. Both now live in London. Many stales energetically campaign for Canadian in- vestments and offer induce- ments; the federal govern- ment condones and even en- courages it. Arkansas, for instance, has a continuing campaign to lure Canadian money and some slales offer lax and other con- cessions. New Yoi'k slate's de- partment of commerce in a recent advertisement aimed at Canadian businessmen said il had helped more than 50 Canadian firms to establish there. PKKFHK t'.S. Although Canadian invest- ment is climbing, and the U.S. will continue to enjoy favored status, several economists predict the U.S. percentage will decline as Canadians con- tinue to look more and more to broader horizons. "Already a growing share of Canadian foreign invest- ment is being funnelled off, mainly to the Common Mar- ket area and the Common- wealth, particularly the Caiib- said associate profes- sor Gerard Gamier, who teaches international business at Ihe University of Sher- brookc. Que. Canadians also were becoming increasingly interested in Central and South America, Still, to dale aboul 60 per cent of Canada's foreign di- rect investment and about 80 per cent of the over-all total is in the U.S1., he added in a telephone interview. Despite the lure of cheaper labor and services in under'dc- j veloped countries, the vasl U.S. market is an overriding inducement. "Closeness to the customer" is a great attraction, said Robert Hamerschlag, chief of the Canada desk at the con.- I meree department. "Also, j wages between Canada and the U.S. have levelled out a j lot as compared wilh 10 years j he said. j "Anolher angle is that prod- I ucts manufactured in this i by a subsidiary I of a foreign have a betler chance than the same imported he said. GOOD CITIZENS If a firm moves in, provides local employment, becomes a so-called good corporate citi- zen, "Ihcn thai makes a big difference Frank Shaeffer of the de- partment's bureau of foreign commerce agrees that Cana- dian firms find it "convenient lo attack the American mar- ket from within" and notes many are established just along Ihe U.S. border. Gamier, completing a thesis on Canadian foreign invest- ment for liis PliD from the Graduate Institute for Inter- national Studies, Geneva, said his reading of the official Ca- nadian altitude toward foreign investment was lhat il was "generally neutral" until the last few years. It considered investment in underdeveloped countries, for instance, as complementary lo Canadian foreign aid efforts. Of l.ilc, hmvever. he said he feels the Canadian govern- ment has been "more favora- ble, more emMiusiaslic'1 on (be grounds such activity encour- age exports. Plants operating in the U.S. looked lo Ihcir Ca- nadian parent for machinery, equipment and supplies, The commerce depart- mcnt's unofficial list of for- eign companies puts Canada in first place wilh IN compa- nies operating 171) plants, firil- nin is second wilh 105 compa- nies. NOT SUSTAINED The s li o r cupprd injjs c.f pKMsi'iils .lllrnv fur n very lnM (iikenK but not for MiMaincd I night. MACLEODS- SCOPE MOUTH WASH 17 oi. BORN FREE PROTEIN SHAMPOO boHla FREE HAIR SPRAY CALM DEODORANT ANTIPERSPIRANT 7 oz. can OLD DUTCH POTATO CHIPS Tri Pock 2 EGG SHAMPOO CREAM RINSE L LISTERINE TANYA SUNTAN LOTION CREST TOOTHPASTE SCORE HAIR DRESSING Super MACLEODS CENTRE VILLAGE MALL PHONE 327-4240 ;