. Canadian forest industries 1916. Lumbering; Forests and forestry; Forest products; Wood-pulp industry; Wood-using industries. January 1, 1916 CANADA LUMBERMAN AND WOODWORKER that the ability to grant credit was the foundation of further credit. Canada also, by raising a loan for Great Britain had directly increased the volume of business that would be placed in Canada. Canada had great reason to be pleased therefore, with the re- markable change in its financial situation, which enabled it to become a lending nation. It was of great importance to us that we should do all in our power to beco
. Canadian forest industries 1916. Lumbering; Forests and forestry; Forest products; Wood-pulp industry; Wood-using industries. January 1, 1916 CANADA LUMBERMAN AND WOODWORKER that the ability to grant credit was the foundation of further credit. Canada also, by raising a loan for Great Britain had directly increased the volume of business that would be placed in Canada. Canada had great reason to be pleased therefore, with the re- markable change in its financial situation, which enabled it to become a lending nation. It was of great importance to us that we should do all in our power to become a lending instead of a borrowing country. On this subject, Mr. White said:—"I do not know any other way for Canada to become a lending country than to save more money ; produce more and save more; I do not know any way whereby an individual can save money and have it for investment, except by the old fashioned mode of living within his income and saving his profits to the extent that he can. 1 do not believe there is any magic method. If there is one put forward, prima facie I disbelieve in it. The way for Canada to become a lending country is for Canada to pro- duce all she can and to save what she can and by pro- duction and saving Canada has been enabled to meet the vicissitudes of the past year as none of us ever expected she would be able to meet them, and by production and saving Canada will in time become a lending nation and be able to find the money for her own works and be able probably to do some- thing more in the way of buying international securi- ties. I pointed out a little while ago that the facility to extend credit obtained busi- ness. Not necessarily to ex- tend full credit, but partial credit. Because, other things being equal—I am not speak- ing now particularly witli regard to Great Britain, be- cause Great Britain would desire to place as many or- ders in Canada as she could, but even from the British standpoint the matter is im- portant—th
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Keywords: ., bookcentury1900, bookdecade1910, booksubjectforestsandforestry
