* cs s ACROSS THE 3 NATION U.S. Canadian investment goes on at alarming rate United States investment in Canada is again reaching for the sky. A survey of current bus- iness published by the U.S. de- partment of commerce showed that Yank investments in Canada in 1962 were about equal to the average annual rate for the 1950- 61 period. This was the period in which U.S, investment came into this Country like a tidal wave. Ac- Cording to the estimates of the Dominion Bureau of Statistics, U.S, investment for the 1950-61 Period rose from about $6,565 Million to more than $17 billion. The following year—196lwas a slow one, Just before that year Started, the Canadian dollar fell from approximately $1.10 U.S. to just about $1.00 U.S. According to the U.S, survey, Manufacturing investments in Canada were increased by $250 ~ Million in 1962, with much of the growth financed by reinvest- Ment of a substantial gain in €arnings, The last part of that sentenceis cryptic, but it can mean a lot. For instance, Yank investment in Canada is now so high that even if very little new money comes in, the size of the in- vestment can grow rapidly asa result of reinvestment of profits earned by U.S. branch plants. While reinvestment of these profits here eases the drain on our foreign dollar reserves, thus helping to ease our balance of payments deficit, -it also indi- cates the possibility of an ast- ronomical drain on our reserves in the future, and a whopping big balance of payments crisis. The department of commerce survey also showed that much of the increase in U.S. invest- ment over 1961 was caused by stepped up development of iron properties, The biggest iron properties are located in Ungava—the nothern part of Quebec and Newfoundland. These developments have been regarded by many Canadians as the most shameful example of the sellout of our natural resources. Soviet youth visiting us Four Soviet young people visit- ing Canada discovered *‘no strik- ing differences’’ btween the youth of this country and their Own, They found Canadian youth to be ‘‘open-hearted, friendly, and curious.”’ On the other hand they did discover instances where Canad- lan youth are ‘‘misinformed’’ about the Soviet Union, as in School textbooks. of the Young Communist League of the Ukraine. Kukik said the delegation’s aim was to study the like of Can- adian youth, the forms and meth- ods of work of the YMCA, furth- er cooperation with the Y’s and with other youth organizations. The delegation has met with groups in Toronto, Kingston, Ot- tawa and Montreal. ‘‘We very much want to establish new con- S.0.S.! Drive far behind= extended to Nov. 30 UP-TO-DATE BOX SCORE: City; 291 subs, 186 P/S. Total —477 Prov.: 346 subs, 127 P/S. Total —473 Grand Total-—950 subs in on 1750 Total New Subs—65 in on 250 Dear Reader: November 15 was to have been the closing date of our Fall Sub Drive. However, with only 950 subs in on the drive quota of 1750, the provincial press committee has decided to extend the drive roughly two weeks. Accordingly, closing date will now be November 30. One club has made its objective so far — Pt. Grey has turned in 19 subs, over 20 percent of which are new. The only other club that is close to realizing its objective at the moment is South Surrey, with only four to go to make their quota of 20. These next two weeks are the decisive ones. determine whether or not we will reach the proposed circula- tion increase of 15 percent this year; whether we will consoli- date the gains we made last year in increasing the size and con- tent of our paper; whether or not we will be able to move ahead to new victories in the coming period of time. The objective factors prevailing are with us, but it seems we just have not taken the drive seriously enough — yet. Roughly 400 subscriptions are up for renewal in the city, with a corresponding amount in the province. Every last one of them must be contacted, visited again and again (if need be) and con- vinced that he or she needs the ‘PT’. Our increased paper sales indicate there is a need for our paper and a desire amongst workers to read it. Yet, we have been unable so far to translate this into a whole army of new They will readers. And every sub is important! Every sub won is a blow for Canadian independence, against the sellout of our resources, for peaceful trade and rela- tions with all countries. at The visitors are all active in youth organizations in the Soviet Union. Vladimir Kulik, leader of the delegation, is asec- Tetary of the central committee tacts among Canadian youth,”’ said a delegation spokesman, » | - Workers With this in mind, we know you will go out and do your | Benevolent Assn. bit to ensure that when November 30 rolls around, we will all— Of Canada collectively— celebrate a great victory. Thank you. —PT Staff and Management. Sub Drive Results {Progressive Fraternal Society}. Caters to all your needs in the Life Insurance field |’ LIFE INSURANCE ENDOWMENTS GREATER VANCOUVER VANCOUVER ISLAND PENSION PLANS Club Quotas Achiev. Club Quotas Achiev. WEEKLY BENEFITS’ f Subs P/S Subs P/S. Subs P/S Subs P/S rs Te Advance 20. =.15 8 Alberni 4055210 2-10.45 ap RAE ates poe oes a Bill Kennett 50 rege by 6 Campbell River 20 Aen 1 National office ar Broadway 70 15 36 10 Cumberland B52" 30544 oi Re Pritchard Ave.. Frank Rogers 202-10 4 = Cowichan 50 10 19 7. Pee oped 4. Manitoba Georgia ip; 410" 8 3 Nanaimo 60. 19 2450 Kingsway 50. 10:16 9 Victoria oe fF 4 Niilo Makela “10 2 4 1 Saanich 10 <10 5 . Olgin 25 oo 5 Totals . 265 88 92: 81 Point Grey 15 2. Ay, 1 Vanc. East 140,4,20 92° 31 DEWDNEY South Vanc. 4054521 2 Haney-Map.-Rg. 30 = 9 2 Victory Square 30 5 5 | Mission 10 6 =e West End 20 Saag 7- Totals 40 9 14 2 North Burnaby 75 202." 31 8 Edmonds 35 sell 11 OKANAGAN North Shore 100 10:- 24 8 Kamloops 20 5 9 os City Misc. 10 50 .622°58: 15 Trail-Rossland 45 5 26 3 _ Totals 200" 2 27-147: 25 Correspon. 20 7 12 7 Prov. Totals 750 166 346 127 NATION Prov. Misc. 45. 3.5: 21... 4. >: City Totols, 725 212 291 186 “We NEED EMPLOYEES Wika HAVE Mel Totals 190: SBF 99 15 Gr'dTotals 1475 378 637 313 IMAGINE WE RE PAYING You MORE.” ba €H qeort November 15, 1963—PACIFIC TRIBUNE—Page i