CANADA’S BUDGET
TREASURER OPTIMISTIC [BY CABLE —PBESS ASSN. —COPYBIGHT.] (Recd. February 26, 2.30 p.m.) ’ OTTAWA, February 25. Mr. Dunning, presenting the Budget estimated the eighty-seven million dollars deficit would be cut to thirty-five million dollars. There was no brighter outlook since 1929. Without a single taxation increase, he would balance the budget next year. The last, taxfree war bond had been absorbed, and the civil service ten per cent, economy cut was restored. The United Kingdom pact retains all the Canadian advantages of the 1932 agreement, with greater preference for fish, lumber, and dairy products. Britain granted greater preference for 150 items, particularly textiles, coal, and manufactured goods. The pact expires in 1940.
ALBERTA FINANCE
EDMONTON, February 25
Premier Aberhart placed a proposal before the Legislature to declare a moratorium on all debts in the Dominion Mortgage Association. He offers to wipe out all farm interest arrears in drought districts before 1935, with the interest cut to six per cent, for 1937.
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Greymouth Evening Star, 26 February 1937, Page 7
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162CANADA’S BUDGET Greymouth Evening Star, 26 February 1937, Page 7
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