CANADIAN BUDGET
SURPLUS SHOWN (United Press Association—By Electric Telegraph—Copyright) (Australian Press Association) OTTAWA, Ist March. For the fiscal year ending 31st March Canada has a net surplus of 69,782,000 dollars, Mr Roblf announced in presenting the Budget to Parliament. The net debt also was reduced 70,000,000 dollars and there was a favourable trade balance of 154,000,000 dollars for ten months of the fiscal year. He stated that 42 per cent, of the total expenditures could be attributed to war obligations. No direct reference was made to the fiscal policy in relation to the United States, but the Minister referred to Canada's increasing foreign trade in a way which suggested that Canada has adopted a policy of “watchful waiting.” He declared : “It is our desire to trade freely with any and all who are willing to trade with us, but othfcr things being equal, our policy is of favouring those countries which favour our products.”
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Nelson Evening Mail, Volume LXIII, 4 March 1929, Page 2
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154CANADIAN BUDGET Nelson Evening Mail, Volume LXIII, 4 March 1929, Page 2
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