FINANCIAL POLICIES
Canada And United States FAR-REACHING PLANS (Received March 28, 10.15 p.m.) TORONTO, March 27. According to the "Financial Post” Ottawa is not enthusiastic over the Washington plan for placing the two currencies on an equal basis, though the move would automatically cut the Canadian war'bill by 10 per cent. However, in view of recent statements by the Prime Minister, Mr. Mackenzie King, it is believed that some farreaching agreement between the two countries is certain. The newspaper predicted that the new financial policy which Mr. King forecast would be built around the free entry of more British goods to strengthen Canadian credits in London, Canadian borrowings from the United States through changes in the American neutrality law, and an exchange agreement of some form between the two countries. An Ottawa message states that the Senate passed the 1,300,000,000-dollar War Appropriation Bill without a division.
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Dominion, Volume 34, Issue 157, 29 March 1941, Page 12
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146FINANCIAL POLICIES Dominion, Volume 34, Issue 157, 29 March 1941, Page 12
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