Publisher's Synopsis
Excerpt from Addresses Delivered Before the Canadian Club of Toronto: Season of 1914-1915
Have you reflected what the balance of trade was against us last year? After we had sold all our produce, after we had given credit for all our bullion exported, every natural product of this country shipped abroad, what was our posi tion? We had to pay three hundred million dollars more than we received. Of the three hundred million dollars one hundred and forty millions of it was interest for debts con tracted. How did we pay the three hundred million dollars? We paid it in this way: We received it from the people who came into the country with money in their pockets, hundreds of thousands of immigrants, probably one hundred million to a hundred and twenty-five million. We received a certain amount of money from sundry people who sent remittances through banks and otherwise for investment, an amount hard to determine, and the balance we borrowed. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
