CANADIAN BANKNOTES
COVERAGE WITH GOLD SYSTEM BEING MAINTAINED OTTAWA, No v - 23 ' Canada has no intention of abandoning the pold coverage for its paper money, the Prime Minister, Mr. J>. B. Bennett, announced in the House of Commons today. "Since 1921 Canada technically has-not been on the gold standard, but covers its notes with gold. Canada has a statutory 25 per cent coverage for the fust 25.000.000 dollars in Dominion notes and dollar for dollar above that. -tin® co vel fcge will bo maintained.j
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Bibliographic details
New Zealand Herald, Volume LXIX, Issue 21349, 25 November 1932, Page 11
Word Count
84CANADIAN BANKNOTES New Zealand Herald, Volume LXIX, Issue 21349, 25 November 1932, Page 11
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