Canada -- Economic conditions; Canada -- Emigration and immigration
just arrived from Glasgow. He had done well in Glasgow, but he told me
that Glasgow was nothing compared to British Columbia.
The notes I have given with regard to the industrial development and the
industrial prospects of the Provinces of Canada are scanty enough, but I
hope that the glimpse given of the conditions and the outlook will prove
serviceable alike to those in the Old Country seeking homes and careers
in Canada, and to those also with loose money, who cherish a legitimate
desire to invest that money in something more remunerative and less
precarious than are most of the openings for investment in Great
Britain. A Lethbridge man told me that for ten years he had been trying
to convince his friends in England that the current rate of 8 per cent.
interest on mortgage loans in the Canadian Far West was as safe as 4 or
5 per cent. invested in gilt-edged securities in the Old Country. He had
succeeded at last in so persuading them, and several of his friends had
commissioned him to take charge of their savings and make fructifying
use of them in assisting the agricultural and industrial development of
the Far West.
The warning, of course, must be given that land sharks and sharks of
other descriptions run in hungry troops in Canada, and that a man in
England with money to invest should be quite sure that his agents or
friends in Canada are in the know and can be thoroughly relied upon.
* * * * *
CHAPTER VII
“REAL ESTATE”
Public-domain text, read in full here on John Shaqi.
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