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:, Mo,t cal Banks. so7,sg a59s7o 2,lOa,u4


The increase in the banking capital of Canada was
made simultaneously with the repeal OF duties in Eng.
land on merchandise imported direct from the North
American Colonies The repeal, or reduction of these
duties, particularly those -four, increased the bust
in that article particularly the manufacture of it
and required the employment of much larger capital
in the trade of tho Canadas The reduction in the duty
-four imported into Great Britain from the Canadas
required that the article should be manufactured in the
colonies. 1t mattered little where the wheat was rased
but to be entitled to entry in the ports Of Great Britain
it must be ground in the colonies Many large Touring
establishments were therefore, put up requiring the
outlay Of large capital


The exports of some of the principal staple productions
from Ca ada for the past five years. given in the
nexed taLls. The quantity exported in ls43 was, in
many items much below that for the previous year. but
the quantity exported in ls4l much larger than
lS43 showing revival in business, and in the foreign
trade Of the Canadas