Oldal 8 [8]
OCR
Shawinigan Water & Power has produced in 1951 6.5 billior kilowatt. It serves 750 communities in the Province of Quebec, Most of its sales, however, are to industrial consumers. Tree EG RGS ÉTERI? this company has branched out into the Second largest utility is British Columbia Power Co. In I95I 1t declared revenues of $47 millions. The company ser$e Vancouver, Victoria and other British Columbian communities. Outstanding gas utilities are Union Gas and International Utilities. The latter #411 definitely profit from the natural gas developments in Alberta, as it owns a pipe line running through the middle of the great gas developments in the West. Before finishing this short analysis of out standing Canadian corporations we have to mention a very colorful and unique company, the Canadian Pacific Railway, which links the Atlantic to the Pacific by a steel span of 2,900 miles, It must not be overlooked, however, that this railroad is in a peculiar position, being regulated and paying taxes to a Government, which is at the same time a powerful competitor. Lately, the rates have shown a tendency of being liberalized, and the company allowed to receive an increased income on its reilroad properties. This trend should be watched, and if it materializes ít will be most beneficial for the financial position of the railroad. On the other hand, Canadian Pacific has some substantial outside properties. It owns I.7 million shares of "Consolidated Mining and Smelting," and, last but not least, II.3 million acres of Pmairie Provinces. The economic development of Canada, which has been partly deseribed, has had a remarkable repercussion ín the United States. First, investors with substantial means and speculative taste started businesses or invested in Canadian ventures These were both copporations and individuals. Obviously, it was impossible for persons with smaller assets to obtain sound investments in Canada, because of lack of proper diversification or adequate management. On the other hand, quite a pdt 9g speculative, worthless or even fraudulent Canadian securities were peddied in the United States. nsiderinenshis sttuation, Col.Hugh Bullockp president of the rin i$ balvin Bullock, decided to organize an American Investment Fund - Canadian Fund,Inc. - designed to provide a
