CANADA, DOMINION OF. 



cific cable scheme so as to create a complete line 

 of Britibh state-owned cables around the globe; 

 of establishing a Canadian commercial depot 

 in London, and of consular agents in other coun- 

 tries; of a fast Atlantic steamship line, and of 

 Government aid to a steam service to South 

 Africa; of a heavier duty on lead products; 

 of increased copyright powers; of the appoint- 

 ment of a railway commissioner and Govern- 

 ment encouragement of ship-building industries; 

 of the enactment of an insolvency law; the en- 

 couragement of Canadian trade via Canadian 

 ports; and increased aid to transportation fa- 

 cilities. The following resolution was also 

 passed: "That in the opinion of the conference 

 it is the duty of the Dominion, as an important 

 division of the empire, to participate in the cost 

 of the general defense of said empire, and there- 

 fore that an annual appropriation should be 

 provided in the Dominion budget for this pur- 

 pose, to be expended as the Dominion Govern- 

 ment may direct." 



Another resolution was passed in favor of 

 preferential trade as follows : " That this con- 

 ference is of opinion that Great Britain can best 

 serve the interests of the empire by giving the 

 products of her colonies a preference in her mar- 

 kets as against the products of foreign countries, 

 it being believed that such preference would 

 -tiinulate trade and at the same time benefit 

 Great Britain by largely freeing her from depend- 

 ence upon foreign countries for her food supplies; 

 and with that view the Prime Minister of Can- 

 ada is hereby requested to urge at the imperial 

 conference the securing of a royal commission, 

 composed of representatives from Great Britain 

 and the colonies, to investigate conditions and 

 to suggest such preferential treatment of imports 

 from the various parts of the empire as shall be 

 best calculated to insure the fullest benefits." 



Railways. The twenty-first annual report of 

 the Canadian Pacific Railway Company for the 

 year ending June 30, 1902, was preceded by a 

 statement of the result of the company's opera- 

 tions during the fiscal year ending June 30. The 

 gross earnings were $37,503,053; working ex- 

 penses, $23,417,141. The surplus for the year 

 was $7,709,913. The working expenses for the 

 year amounted to 62.44 per cent, of the gross 

 earnings, and the net earnings to 37.56 per cent., 

 compared with 60.75 and 39.25 per cent, respect- 

 ively in 1901. The earnings per passenger per 

 mile were 1.75 cent, and per ton of freight per mile 

 6.75 cents, against 1.93 and 6.70 cents respectively 

 in 1901. Four-per-cent. consolidated debenture 

 stock to the amount of 650,000 was created and 

 sold on account of the construction of branch 

 lines authorized, and for the purpose of acquiring 

 first-mortgage bonds, on which the interest is 

 guaranteed by the company, of the Mineral 

 Range Railroad Company, the Columbia and 

 Western Railway Company, and the British Co- 

 lumbia Southern Railway Company. 



The sales of the company's lands in the year 

 amounted to 1,362.852 acres for $4,442,136, an 

 average price of $3.26 an acre, and the cash 

 receipts enabled the directors to redeem and can- 

 cel 5-per-cent. land bonds to the face value of 

 $1.401,400, leaving in the hands of the public 

 at the end of the fiscal year $1,430,000 of these 

 bonds, all of which have since been called for re- 

 demption and cancellation. 



The statement of the Grand Trunk Railway 

 Company for the half year ending June 30, 1902, 

 showed gross receipts of 2,377,201 and working 

 expenses of 1.603,612, leaving net traffic re- 

 ceipts of 773,589. To this latter amount cer- 



tain other sums were added, which increased the 

 total to 875,175. Deducting charges for inter- 

 est, the sum of 255,635 was left as available for 

 the payment of dividends. The receipts from pas- 

 sengers were 601,469; from mails and express, 

 106,314; from freight and live stock, 1,597,- 

 954; from miscellaneous sources, 71,464 a total 

 of 2,377,201 or $11,886,005. The number of 

 passengers earned was 3,525,855, and the tons 

 of freight and live stock were 5,675,338. On 

 maintenance of way and structures 242,4tit> 

 were spent; on maintenance of equipment, 436,- 

 063; on conducting transportation, 853,633; on 

 general expenses and taxes, 71,450. Four-per- 

 cent, debenture stock to the amount of 411,003 

 was issued during the half year as part provision 

 for the repayment of 522,200 Northern Railway 

 5-per-cent. bonds, and 85,600 of Montreal and 

 Champlain bonds were repaid. Sir Charles 

 Rivers- Wilson, the president, concluded his state- 

 ment on Oct. 1 by saying that " the cost of 

 operation has been reduced, increased dividends 

 are available for distribution, and additions to 

 capital have been maintained within the most 

 reasonable limits." 



By the completion of the line between Port 

 Arthur and Winnipeg the Canadian Northern 

 Railway took rank this year as the fourth sys- 

 tem in Canada in point ot mileage. 



The company completed this year an extension 

 of the Carman branch 19.8 miles west of Car- 

 man. The company also owns the Winnipeg 

 Great Northern Railway's line of 40 miles from 

 a point near Winnipeg to tit. Laurent, Manitoba, 

 which was built some years ago, but has not 

 been operated. 



Mackenzie, Mann & Co.'s system also includes 

 the Inverness and Richmond Railway in Nova 

 Scotia, of which 61 miles are in operation giv- 

 ing them a total of 1,304.7 miles in operation. 



The report of the Railway Commission is an 

 elaborate document submitted to the Govern- 

 ment on Feb. 10, 1899, by Mr. S. J. McLean after 

 careful investigation, but not made public until 

 1902. The commissioner gave his conclusions re- 

 garding the possible establishment of an inde- 

 pendent railway commission in Canada; and the 

 Minister of Railways announced in Parliament 

 that a bill substantially embodying the commis- 

 sioner's plan would be introduced next year. 



Trade and Commerce. The foreign trade of 

 Canada for 1902 exceeded all records. The ex- 

 ports of home produce were as follow: Mines, 

 $34,947,574; fisheries, $14,058,070; forests, $32,- 

 119,429; animals and their produce, $59,245,433; 

 agriculture, $37,152,688; manufactures, $18.462,- 

 970; miscellaneous, $32,599; total, $196,019,763. 



There was a gain over 1901 in everything but 

 the products of the mine. The increase in agri- 

 cultural exports was very marked, and was part- 

 ly attributable to the shipment of war supplies. 

 Canadian exports to and imports from the coun- 

 tries with which the Dominion had the largest 

 dealings in 1902 were as follow: 



The exports to Great Britain in 1902 were 

 $16,490.720 more than in 1901, and the imports 

 from Great Britain increased $6.395.698. Exports 

 to the United States decreased $1.416,838. and 

 imports from that country increased $13,659,631. 



