VOL
OL 25, NO. 48

=°10¢

+
as U.S,, Britain and Belgium
. Me under sharp criticism this
fe following the paratroop at-
ae On Stanleyville, which was
“Ordinated with a drive by the
eam Mercenaries and armed
Ces of Moise Tshombe,

sony two days before the para-

Op attack on the Congo city
48 foreign minister of the liber-
aa, government, Mr, Kanza,
« “ his government would give
Protection to all who live in our
"eDublic,”

“However,” he warned, “if the

Nericans and Belgians bomb

pate the negotiations this safety

ya be put into question,” There

in ee belief that the bloodshed

the tanleyville was provoked by
Paratroop attack,

; ¢c
ol

Prime Minister Jomo Kenyatta
Vol €nya, who was directly in-
i} Ved in talks with the Congo
Me ction government on
ae prisoners when the at-

took place, said that he be-

‘Ved the U,S, and Belgium were
*sPonsible for the deaths be-
Ase they pressed ahead with

Sir attack,

a African nations have re-
€d strongly to this latest in-

Congo attack
brings protest

tervention of foreign troops.

Last weekend the Soviet Union
in a statement denounced the
Belgian paratroop buildup, with
U.S, and British backing, as “a
new invasion of the Congo pre-
pared by the colonialists, cam-
ouflaged by ‘human considera-
tions’ and the desire to ‘rescue
white citizens.”

Communists gain
in Italy vote

Partial returns in Italy’s
municipal and provincial elec-
tions this week showed that
the Communist Party has
rolled up important gains, and
that the Christian Democrats
and Nenni Socialists had lost
ground,

The Communist Party
strengthened its position as
the second major party in the
country, gaining 26 percent of
the popular vote, The Chris-
tian Democrat vote dropped to
37.4 percent, but it remained
the largest party,

Final results will be avail-
able by next week’s issue of
the Pacific Tribune,

q *
ia'SOuese MURDERED BY WHITE MERCENARIES. Picture shows dead Congo
Ney ¥ lining the road outside Bukavu when Moise Tshombe’s U.S. - supported
} ty * recaptured the town recently. Shocking atrocities have been committed
Nery: Ite mercenaries and Tshombe’s troops. The white mercenaries have been
ed from mong fascist and colonialist elements, including South Africa.

By MAURICE RUSH

BUY CANADA’ AIM
OF BIG U.S DRIVE

Giant manufacturing grab underway

U.S. monopolies are making a major bid this year to take over control of
Canada’s manufacturing industry and are shifting their investments to ‘“‘buy up
Canada’”’ and make us more completely subservient to U.S. financial interests.
This is the picture which emerges from a recent U. S. Department of Commerce

survey.

According to the survey, total
U.S, direct investment in all
areas in Canada willreach$1,460
million this year, 14 percent
higher than last year, Of this
amount some $710 million will go
into direct investment in manu-
facturing in Canada, This is over
30 percent more than last year
when the total was $535 million,

According to the U,S, survey,
American investments in natural
resources industries will remain
considerable, but the shift to
manufacturing will centre on tak-
ing over chemicals, pulp and
paper, fabricated -metals and
transportation industries,

“The trend to larger U,S, in-
vestment in manufacturing began
about two years ago, the survey
reveals, but. will be sharply
stepped up this year, It is ex-
pected that U,S, monopolies will
account for 40 percent of all
manufacturing expansion in Ca-
nada in 1964, Most of the money
for investment in manufacturing
will come from profits made by
U,S, firms exploiting Canadian
natural resources,

A key area for U,S, investment
in paper and pulp will be British
Columbia, where large scale in-
vestment is expected in the next
few years by American firms
based on gaining control of B,C,
forests through handouts by the
Social Credit government in the
form of forest licences,

Commenting on thenew Signifi-
cant trend in American invest-
ments in Canada, Montreal finan-
cial writer Garth Hopkins saidin
an article last week, “The ques-
tion arises as to whether they
(U.S, companies) are prepared
to develop the distinctively Cana-
dian products for export that
everyone agrees we need,

“The fear, of course, is that
they will continue to produce only
the American-style goods that
their parent companies are al-
ready selling in vast quantities
in virtually every export market,

“How do you persuade an
American branch plant to start
‘thinking Canadian’ and suddenly
develop the new, imaginative and
distinctive products that will
carve for Canada a big newniche
in world export markets?

“Finance Minister Gordon’s
avowed solution is to ‘buy Cana-
da back,’ but his attempts to
induce American firms to sell
it back haven’t been very suc-
cessful so far, Will they be any
more inclined to sell as they
pour increasingly _ more "funds

This chart was published last December by the Financial Post and is based on
Dominion Bureau of Statistics figures. Most of the foreign capital shown here is
U.S. The article on this page shows that the U.S. is now shifting its investments
to gain control of Canada’s manufacturing industry which would be disastrous
for Canada’s economy and independence.

into new and bigger manufactur-
ing operations in Canada?”

The dilemma posed by the
writer is a real one for Canada,
Leading spokesmen for the Lib-
eral government in Ottawa con-

tinue to talk about the need for
Canada to control its own econo-
my, while they do nothing as U,S,

Fraserview
support for

The fight of Fraserview veter-
ans in Vancouver to resist afed-
eral government housing gouge
has reached a new peak; Last
Monday night, at a_ specially
called protest meeting, several
public figures spoke out on be-
half of the vets’ struggle,

Mayor Rathie was forced to
intervene in the dispute and
phoned Liberal cabinet minister
Jack Nicholson, under whose
portfolio the Central Mortgage
& Housing Corp, falls, Nicholson
told Rathie there was nothing he
could do, according to press re-
ports,

. monopolies tighten their grip on

Canada’s economic life,

It’s time Parliament took ac-
tion to stop the U,S, takeover of
Canada, A good place to start
is to take action now to curb the
American monopolies who are
driving to make themselves mas-
ters of our manufacturing indus-

. tries,

vets get
hearing

Meanwhile Alderman Tom Als-
bury has submitted a motion to
city council asking that body to
urge a public investigation of the
dispute, Ratepayers’ aldermanic
candidate Harry Rankin also de-
manded a public hearing at the
panel discussion on Monday,

The veterans are holding a
mass demonstration in front of
CM&HC offices (2286 W. 12th
Ave.) at 1 p.m, Thursday—the
same day the corporation is pro-
ceeding with court cases against
seven of the vets who have re-
fused to sign new leases,