CANADIAN DEMAND
TRADE POLICY CHANGE ‘MUST BUY WHERE WE SELL’ DOLLAR CALLS ON BRITAIN (9 a.m.) OTTAWA, Aug. 11. “The phase of Britain’s financial position which has come as a distinct shock to Canadians is the revelation that Canada is demanding payment in United States dollars for part of our exports to Britain.” said Mr M. J. Coldwell. national leader of the Commonwealth Co-operative Federation, in a speech.
“I have no recollection of any hint to Parliament that this was being done,’ he said. “Such a humiliating procedure should be stopped immediately ana the United States dollars we have already accepted should he made available to Britain. In addition, all non essential and luxury imports from the United States should be controlled. Declaring that Canada was vitally concerned with the economic rehabilitation of Britain, her best and most reliable customer, Mr Coldwell added: “For generations we have followed the policy of selling to Britain and buying in the United States This policy is no longer possible. We must buy where we sell and plan our import and export relationships realistically in the light of new and challenging conditions.” _
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Bibliographic details
Gisborne Herald, Volume LXXIV, Issue 22405, 12 August 1947, Page 5
Word Count
188CANADIAN DEMAND Gisborne Herald, Volume LXXIV, Issue 22405, 12 August 1947, Page 5
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