AID FOR GROWERS

Dominion, Volume 24, Issue 52, 25 November 1930, Page 9

AID FOR GROWERS

Canadian Wheat Crisis BANKS MAY BE BACKED (Rec- November 24, 9 p.m.) Ottawa, November 23. It is unofficially slated that the Federal Government has assured the banks that it will stand temporarily behind them in any immediate steps taken to assist the Western wheat pools through the present crisis. A message from Portage, La Prairie, Manitoba, states that President Bur nell, of the Manitoba wheat pool, as sured a convention of the United Far mers of Manitoba that the Canadian Wheat Pool was not going into liqulda tion unless the lending banks withdraw’ their support. “If the banks are not strong enough the responsibility is on the Government,” he added. “Whether the banks or the Government want responsibility or not, they will have to take it.” He forecast there would be a one hundred per cent, pool, comprising all the prairie districts, should the present Canadian Wheat Pool fail.

Last week the Premiers of Manitoba, Saskatchewan, and Alberta consulted with the banking interests “to save the economic situation in Western Canada.’ Following the conference, s wheal bonus was to be sought in an attempt to establish Canadian prices and tide farmers over the present crisis until world condition* imprest,