Word: dominions
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Dates: during 1930-1939
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Canada has no New Deal, no NRA, no Brain Trust. Canada did, however, have a Depression. Dominion business is estimated to be at least 33% above the 1933 low. Newsprint to Canada is what automobiles are to the U. S. Dominion newsprint production for the first quarter was 41% above last year, in March was up 53% to the highest figure for the month since...
...Senate Banking & Currency Committee to be cross-examined on such a transaction by rich, radical Senator Couzens, the ensuing commotion in Washington would have been deafening. Yet 500 miles to the north on Parliament Hill, Ottawa, last week, approximately the same set of facts was revealed without any Dominion-shaking uproar. Edward Wentworth Beatty, blunt, ready-tongued head of Canadian Pacific Ry., had testified before the House of Commons Banking & Currency Committee that in order to obtain $60,000,000 in bank loans, he had been forced to ask the Prime Minister for a Government guarantee of principal & interest. Bond...
...North Portal to The Pas, there are only eleven commercial banks. Canadian banking is branch banking in finest flower. But Canada is unique in that it has no central bank of issue, no Federal Reserve, no bankers' bank. Last week Premier Richard Bedford Bennett prepared to give the Dominion a quasi-public institution modeled after the venerable Bank of England...
...Bank of Canada is the legislative offspring of a Royal Commission's report on the Dominion's banking system. Last spring when Canada's Bank Act came up for its regular decennial overhauling, the furious farmers of the Prairie Provinces howled for a new system, for lower interest rates and "nationalization of credit...
...Bennett hastily got the Parliament to extend the eleven banks' charters for one year instead of ten in re turn for his promise to call a commission to study Canada's whole banking, currency and coinage system. Head of this com mission, which shuttled all over the Dominion holding public hearings last summer and autumn, was Hugh Pattison Macmillan, Baron of Aberfeldy (TIME. Aug. 28, Nov. 20). For ten years Lord Macmillan had been heading British com missions including the Royal Commission on Lunacy & Mental Disorder and the Home Office Committee on Street Of fences. His most publicized...