“CHEAP MONEY.” Mr Morris Wilson, president of the Royal Bank of Canada, says: “The world has not previously experienced a period when borrowing rates have been so low for so lons a time. If continued on this basis an unhealthy and ax’tificial situation will develop Easy money is a powerful force; it operates somewhat slowly, but to wait until it is evident that speculation is out of hand will be to create conditions which can be corrected only by depression. In some quarters we are asked to believe that the increased Government regulation of general economy may make it possible to continue low interest rates more or less indefinitely. I feel strongly that this view is not correct and that the action now being taken is by no means premature. By use> n neces-
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Northern Advocate, 30 March 1937, Page 4
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134Page 4 Advertisements Column 3 Northern Advocate, 30 March 1937, Page 4
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