Word: ilsley
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There was standing room only in the public galleries. As the lanky, sandy-haired Finance Minister unfolded himself and got to his feet in the House of Commons, members thumped their desks in applause. James Lorimer Ilsley nervously cleared his throat, picked up a sheaf of notes, took off his glasses, put them on again, and waded into a 10,000-word speech telling what the coming year's tax picture would be. It proved to be good...
...Ilsley was quick to make one thing crystal clear: the Government was going to strike off some of the shackles that heavy wartime taxes had placed on private enterprise. With the statistical gobbledegook pared away, this is what...
...plan that Minister Ilsley thus announced would raise about $2,500,000,000, a little more than half the $4,650,000,000 he would need to run the Government, maintain the armed services, pay for social reforms, and help the needy nations of Europe. Much of the difference would have to be made up by borrowing. Mr. Ilsley hoped that the people themselves would be the lenders. He recalled that Canada's Ninth Victory Loan drive would begin Oct. 22 (the goal: as close to $2,000,000,000 as possible). Said he: "There is still a great...
...During his absence from the country, Finance Minister James Lorimer Ilsley would be "Prime Minister...
...Defense Minister Andrew G. L. Mc-Naughton, who failed to win a seat in Parliament in February's Grey North by-election (TIME, Feb. 12), would be represented in the House of Commons by able Douglas Abbott, who has been Parliamentary Assistant to Finance Minister Ilsley...