CANADIAN DEBT
FACTORS AGAINST CONVERSION
(United Frees Association —By Electric Telegraph—Copyright.)
OTTAWA, March 20
The Prime Minister, Mr Bennett, t°ld the Canadian House of Commons on Monday night that two factors stand in the way of a general conversion of the Dominion’s bonds. First, the wartime tax-free bonds must be redeemed, and sec ondly, the 1250 thousand dollars a week deficits of the Canadian National Railways must cease. The Prime Minister said th a t it would be national suicide for Canada, a young country awaiting development, to repudiate or to default on its bonded indebtedness.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HOG19340321.2.33
Bibliographic details
Hokitika Guardian, 21 March 1934, Page 5
Word Count
96CANADIAN DEBT Hokitika Guardian, 21 March 1934, Page 5
Using This Item
The Greymouth Evening Star Co Ltd is the copyright owner for the Hokitika Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in