"It Canadians work together ana} make the best possible use of their Possessions and opportunities, next year should witness a continuation of national recovery to higher levels." Tu these words Mr. B. W. Coghlin, president of the Canadian Manufacturers' Association, addressed the annual meeting of that organization held in Toronto recently. "World recovery," said Mr. Coghlin, "is continuing for the fourth consecutive year and has advanced progressively during this period." He pointed out that Great Britain was still, leading international revival and wasting the midst of a great national effort. From all parts of the British Empire, including Dominions, Crown Colonies and Mandated Territories, came reports of steady progress, Trade agreements continue to increase the volume of trade among the various parts of the Bmpire. Last year 50 per conte of all products exported from Canada went to other British countries, During the past five years, Canada's trade with the Empire increased by 102 per cent. as compared with an increase of 79 per cent. with foreign countries."
In his address, Mr, Coghlin pointed out that Canadians were very fortunate in having available within their Dominion extensive supplies of the principal materials which are the basis of exports, including farm products, lumber, minerals and sea products. "Credit is due also", he said, "to the management of Canadian' exporters and to the skill and industry of their employees: in making from these materials articles cheap enough and of sufficient quality to permit their sale in large quantities to over one humtired other' countries,"
Text read from the printed page and cleaned; old type leaves the occasional error.