CANADIAN BUDGET
Big Surplus On Fiscal Year's Work. TAVOURABLE TRADE BALANCE. (Australian Pr#*s Assn.—United Service.) (Received 10 a.m.) OTTAWA, March 1. For the fiscal year ending March 31 Canada has a net surplus of £13,956,400. Hon. J. A. Robb, Minister of Finance, announced on Friday when presenting the Budget to Parliament tbst the net debt was also reduced by £14,000,000 and that there was a favourable trade balance of £30,800,000 for ten months of the fiscal year. He also stated that 42 per cent o# the total expenditures was attributable to war obligation*. No direct reference Vas made to the fiscal policy of the United States, but the Minister referred to Canada's increasing foreign trade in a iray which suggested that Canada ha* adopted the policy of "watchful waittag." H« declared: "It is our desire to trad" freely with any and all who are willto trade with us, but that, other things being equal, our policy was of firouring those countries which favour tm products."
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Auckland Star, Volume LX, Issue 52, 2 March 1929, Page 9
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165CANADIAN BUDGET Auckland Star, Volume LX, Issue 52, 2 March 1929, Page 9
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