CALGARY'S FINANCES.

Auckland Star, Volume LXIV, Issue 17, 21 January 1933, Page 9

CALGARY'S FINANCES.

Bank Aid Forthcoming to Meet Matured U.S. Loans. PAY IN CANADIAN FUNDS. (Received 11 a.m.) CALGARY, January 20. The Bank of Montreal has agreed to loan Calgary the 300,000 dollars necessary to meet the United States exchange rates on 2,135,000 dollars in debentures, which matured in New York on January 1, The Mayor, Mr. Davison, received a letter on Friday to this effect from the head office of the bank in Montreal and will place it before the City Council for decision. Mr. Davison said that he had no reason to believe that the council would alter its refusal to pay the deben' tures in other than Canadian funds. alberta farmers. STRIKE VOTED DOWN. (Received 12 noon.) CALGARY, January 20. Rejecting the farm strike proposal, the annual convention of the United Farmers of Alberta to-day Urged the National Wheat Board to Control production and marketing, and a guarantee of production costs to the farmers for the operation of the board for the 1933 crop was requested. Classified by a dozen delegates as faT from silly* the strike proposal was given some support as a measui e for bringing to the attention of the Government the plight of agriculture in the West. It was deemed impractical, however, and offering too many advantages to agriculture in foreign countries. A majority voted it doWn. MARKING MEAT, DOMINION objections. (Received D.30 a.m.) LONDON, January 20. At the Meat Marking inquiry) counsel read cabled front Australia and NeW Zealand opposing the marking of niedt oil the grounds that branding would decrease the output by at least 30 per cent anfl increase production costs by £8 for evel-y 1000 carcases. A Smithfield butcher said that branded* legs of mutton from Australia fetched id per lb less than unmarked. A bacon manufacturer said that, he favoured marking, as carcases of pork from New Zealand and other countries cured hero were sold as Wiltshire.