RECORD REVENUES
THE CANADIAN BUDGET LOWEST DEFICIT FOR YEARS OTTAWA, June 16. The Budget, presented by the Minister of Finance (Mr C. Dunning) in the House of Commons, reveals record revenues. The 13,000,000 dollars deficit is the lowest for eight years. The 20,000,000 dollars grant for drought relief to Saskatchewan prevented a balanced Budget. There are no tariff changes. Trade increased by lars. Exports are up 7,000,000 dollars. The Minister warned that trade treaty negotiations with the United States were difficult, as Canada was insisting that tariff reductions must be bilateral. . , , Defending the self-styled easy money” policy, Mr Dunning vigorously assailed the “ new economics demands that no interest be paid on Government loans. Something-out-of-nothing theories meant inflation, booms, and eventual collapse. . Thunderous applause marked his challenge to Social Credit.
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Otago Daily Times, Issue 23529, 18 June 1938, Page 15
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129RECORD REVENUES Otago Daily Times, Issue 23529, 18 June 1938, Page 15
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