Show I I It t With Canada Forecast HereBy Here By fly RICHARD WALDO NEW YORK YORK Long headed In Industrialists In- In predict the one certainty certainty certainty of the postwar picture will willbe willbe be our with Canada Banking and Investment analysts see lee a coming Canadian era re resulting resUlting re- re suiting from the war whether Its It's win lose or draw for the British It doesn't necessarily mean a re rerun rerun rerun re- re run o of the opening of the west vest saga In our own history but It does I mean bigger if It not better business In any wind wind-up of the war short of the complete demolition of Ger Germany many and Italy London will no longer be a safe bank for British affairs An outright British defeat will see Europe's billions invested in Canada and the United States A negotiated peace short of complete complete com corn defeat will vill similarly stampede stampede stam stain pede British fortunes westward Whether as the capital of a shrunken shrunk shrunk- en British empire or simply of of a new British nation a Hitler win should make Ottawa the heir to anew a anew anew new financial and industrial job The same circumstances of aGerman a aGerman aGerman German victory are expected to cause congress to make the Monroe Monroe Monroe Mon Mon- roe doctrine as binding as the con con- The Canadian naval military and economic assets will figure In Washington worries with the same Importance as those of California or New York state Something of a North American alliance whatever its political form is forecast as inevitable Wallstreet Wall Wallstreet street is casting an Investment eye northward on this basis Influence of British In U. U S. S Foreseen Repercussion of an early peace on United States business still provides provides provides pro pro- vides the bankers with more questions questions questions ques ques- than answers Directors of the big Industries are now prepared prepared prepared pre pre- pared to believe that the unbelievable unbelievable unbelievable able will happen and that the shock to business will wUl require some Imaginative thinking There is the Wall Vall street story for example that the defeat of the allies will leave them with such enormous equities in U. U S. S business as to provide the opening wedge for still greater British participation in U. U S. S in in- in It is noted that all war supply orders are being paid in cash and well In advance of delivery In every case the U. U S. S manufacturer has demanded that London and Paris stand the cost of plant ex ex- ex As a result the allies have taken and to buying building plants outright a policy polley that willbe will willbe willbe be economical as long as the war lasts In numerous cases where the European money has financed plant expansion expansion aviation aviation tooling and chemical industries the Industries the understanding understanding understanding un un- un- un is that the allied equity will be taken out in goods Should the wars war's end cancel the need for War var ar goods both the buyer and seller will be up against the problem of readjusting equities U. U S. S firms will not be call d upon to make any restitution of capital capital capi capi- tal but there are many cases in which the European interest willbe will willbe willbe be taken out In stock shares Copyright 1940 1910 McClure Syndicate |