CANADIAN FINANCES
AMPLE GOLD RESERVES CENTRAL BANK SCHEME (Eloc. Tel. Copyright—United Press Assn.) OTTAWA, Nov. 21. The gold reserves of Canada arc sufficient materially to increase tho Dominion note circulation without violating the principle of a 25 per cent, gold supported currency adopted by tho World Conference, the Prime Minister, Mr. R. B. Bennett, explained in a speech on Monday night, intimating that such a method might bo used to meet the needs of tho Dominion, but in such a manner as not to injure credit at homo or abroad.
He gave a definite assurance that legislation for a central bank would be submitted next session, and intimated that the Government was seriously considering an extensive public works programme, undertaking it possibly next spring.
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Bibliographic details
Poverty Bay Herald, Volume LX, Issue 18252, 22 November 1933, Page 7
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124CANADIAN FINANCES Poverty Bay Herald, Volume LX, Issue 18252, 22 November 1933, Page 7
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