FOREIGN COMPETITION.
Dealing with the situation at home, Mr. Hose, while recognizing the moderate improvement which has recently taken place in our export trade, emphasized the importance of manufacturers in this country giving a very clear recognition of the growth of competition in many of the European and South American countries. Indeed, there has probably been no post-war development which has given greater cause for concern to this country than the manner in which so many foreign communities have taken up textile and other manu- facturing industries, bringing them into direct competition with our manufacturers here and, the fact that the growth in our exports has been conspicuously displayed in the great amount of machinery sent abroad is an ominous point.
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