Word: dominione
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What Steep Rock will ultimately mean to Canada, no one yet can say. Some Canadians have already talked optimistically of "a great metropolis in the bush of Atikokan, where great smelters will belch smoke. . . ." This much is sure: the Dominion, hitherto dependent on the U.S., now has a large iron ore supply of its own. This does not mean Canada will now supply fully the furnaces of its own young but lusty and growing steel industry. But it does mean that Canada will become, for the first time, an iron-ore exporter. And no longer will Canada have to import...
Cost of all this was roughly $18 million. Part was supplied by the Dominion and Ontario Governments. Part came from the U.S. Reconstruction Finance Corp. in a tightly hedged $5,000,000 loan at 4% made to provide iron-insurance for the United Nations' war effort. Part came from stock sales to the public. Part was supplied by Cleveland Financier Cyrus Eaton, when Canadian capitalists proved overcautious...
Eight months ago Ontario's Premier George Alexander Drew suggested, and Prime Minister William Lyon Mackenzie King quickly agreed to, a conference between the federal Government and the nine provinces. Purpose: to chart postwar taxation. For war purposes the Dominion Government had taken over provincial income and corporation taxes. Once peace returns, Canada's 77-year-old constitution requires the return of the provinces' taxing power...
Whose Money? Mr. King's Liberal Government went right ahead with a series of sweeping measures to ease the transition from war to peace. Where the money was coming from to finance the plans, Mr. King did not say. Obviously he was counting on keeping the Dominion's taxes high. That meant that the provinces' postwar taxes would have...
...next Premier will be the Union Nationale's Maurice Le Noblet Duplessis. A political opportunist who talks like a fascist about Jews and harries labor unions, Duplessis was Quebec's Premier when World War II began. He took a beating when he tried to make trouble for Dominion Prime Minister William Lyon Mackenzie King by calling an election on the issue of provincial rights in wartime. This time he shrewdly capitalized on Quebec's dislike of war, conscription, beat Liberal Premier Adélard Godbout...