POST-WAR CURRENCY
OUTLINE OF CANADIAN SCHEME (Rec. 11.35 a.m.i) . ' NEW YORK, July 13. Canada has put forth her own proposal for a post-war currency. mechanism—"clearing union," designed to facilitate foreign trade. Canada's proposal sets aside one important provision of the American scheme—a virtual veto on the poAver of creditor nations like Britain and America over any international post-war monetary control body. Canada proposes an international credit granting agency designed to help debtor nations, including some at present Axis enemies, over the post-war slump •when they require foreign eiirrencies to buy goods abroad. The Canadian plan"calls for a capital of from 8,000,000 to 12,000,000 dollars, not only designed to cover immediate post-war currency problems, but to provide a permanently improved international currency basis. x
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Evening Star, Issue 24916, 14 July 1943, Page 3
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123POST-WAR CURRENCY Evening Star, Issue 24916, 14 July 1943, Page 3
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