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SECURITY
-3- 516, JOINT WEEKA NO. 17, April 28, 1950, from Ottawa.
capital program accounts for about 22 percent of the
total national expenditure on goods and services. This
unusually high percentage emphasizes the continuing ime
portance of investment requirements as a strong supporting
influence in the economy at a time when some other demand
elements are ahowing signs of slackening. It 1s probable
that the overall investment program will be realized
although there may be some changes in Individual sectors.
Trans-Carada Highway Agreenento Four of the ten
provinces, Quebec, Nova Scotin, New Brunswick, and Newfound-
land abstained from signing the Trans-Canada highway agres
ment with the federal Government on April 24.0 Nova Scotia,
New Brunswick and Newfoundland are expested to sign in the
near future after certain engineering surveys are made and
enabling legislation has been passed by the provincial
governments. Quebec refused to sign because it felt the
agreement did not protect provincial rights and did not
clarify the credit which would be given to the provinee
for roada already constructed, From the enstern border
of Onterio to Vaneouver the route has been tentatively
established, It is expected that the eastern portion,
except that within the province of Quebeo, will soon be
agreed upon. The highway is expected to cost $300,000,000
and half of this will be borne by the federal Governmento
Protest against Japanese and other imports. Although
the furore over the alleged dumping of Japanese goods
appears to have temporarily subsided, individual importers
and various trade associations have continued to press
for application of dumping duties or other devices to
restrict Japanese compatitione
of the total imports from Japan last year, amounting
to about $5 million, only a limited number of items were
landed at prices which gave a valid basis for suspicion
that dumping was involved. The importation of these prow
duets, however, was so widely protested and publicized that
the general public impression is that all Japanese imports
are sold at prices lower than the cost of production.
The effest has been to further weaken the prospests of
obtaining Canadian support for extension of Nost-Favored-
Nation treatment to Japan.
"INATIONAL
ARCHIVES AMD
ECORDE
SERVICE**
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"ocrText": "SECURITY\n-3- 516, JOINT WEEKA NO. 17, April 28, 1950, from Ottawa.\ncapital program accounts for about 22 percent of the\ntotal national expenditure on goods and services. This\nunusually high percentage emphasizes the continuing ime\nportance of investment requirements as a strong supporting\ninfluence in the economy at a time when some other demand\nelements are ahowing signs of slackening. It 1s probable\nthat the overall investment program will be realized\nalthough there may be some changes in Individual sectors.\nTrans-Carada Highway Agreenento Four of the ten\nprovinces, Quebec, Nova Scotin, New Brunswick, and Newfound-\nland abstained from signing the Trans-Canada highway agres\nment with the federal Government on April 24.0 Nova Scotia,\nNew Brunswick and Newfoundland are expested to sign in the\nnear future after certain engineering surveys are made and\nenabling legislation has been passed by the provincial\ngovernments. Quebec refused to sign because it felt the\nagreement did not protect provincial rights and did not\nclarify the credit which would be given to the provinee\nfor roada already constructed, From the enstern border\nof Onterio to Vaneouver the route has been tentatively\nestablished, It is expected that the eastern portion,\nexcept that within the province of Quebeo, will soon be\nagreed upon. The highway is expected to cost $300,000,000\nand half of this will be borne by the federal Governmento\nProtest against Japanese and other imports. Although\nthe furore over the alleged dumping of Japanese goods\nappears to have temporarily subsided, individual importers\nand various trade associations have continued to press\nfor application of dumping duties or other devices to\nrestrict Japanese compatitione\nof the total imports from Japan last year, amounting\nto about $5 million, only a limited number of items were\nlanded at prices which gave a valid basis for suspicion\nthat dumping was involved. The importation of these prow\nduets, however, was so widely protested and publicized that\nthe general public impression is that all Japanese imports\nare sold at prices lower than the cost of production.\nThe effest has been to further weaken the prospests of\nobtaining Canadian support for extension of Nost-Favored-\nNation treatment to Japan.\n\"INATIONAL\nARCHIVES AMD\nECORDE\nSERVICE**"
}