MANITOBAN DEBT
PREMIER ON EFFECT OF DEFICIT WINNIPEG. Feb. 21. 1 Mr. Bracken, the Premier, in a speech In tlie Legislature yesterday, said that Manitoba was facing a deficit of £SOO 000. There were, be added, three courses jpen (1) ASO per cent, increase in taxation, which lie dismissed as impracticable j (2) the elimination of all social services,. which he refused to consider } and (3) default in the payment of debt interest, which was also unthinkable. If
tlie World Conference was successful Conditions would improve, but certainly Manitoba would not repudiate its_ debt so long as ft was able to pay. If it betaine unable to puv through tlie failure Of fcbe nations to “get together,” there thight be no alternative, but it was one thing to repudiate a debt and another to be unable to pay. • i ... _
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Bibliographic details
Poverty Bay Herald, Volume LX, Issue 18056, 5 April 1933, Page 5
Word Count
139MANITOBAN DEBT Poverty Bay Herald, Volume LX, Issue 18056, 5 April 1933, Page 5
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