Word: ilsley
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While Washington last week hemmed & hawed over the problem of helping the world's devastated countries to reconstruct themselves, Ottawa launched its own scheme. Finance Minister James Lorimer Ilsley announced a $15,000,000 credit agreement with Czechoslovakia. It was the first loan under the Dominion's new Export Credits Insurance...
...Toronto last week canny Finance Minister James Lorimer Ilsley did what he has seldom done-went out on a limb. He told Canadians there would be jobs for all after the war in Europe ends...
...Minister Ilsley had a good reason for reassuring 1,300,000 workers now employed, directly or indirectly, in war industry. Starting Oct. 23, he must borrow another $1,300,000,000 from Canadians in the Dominion's seventh war loan. Because 60 to 70% of Canadian war production is for the British account, many war workers have been expecting cutbacks. Minister Ilsley did not want them to hoard their cash. He counted on the Pacific war needs, plus reviving civilian industry, to make his job prediction come true. But he added a cautious qualification: "In many cases men & women...
Liberal, Tory and C.C.F. alike went hammer & tongs after Finance Minister James Lorimer Ilsley, who has insisted that M.P.s must pay full income taxes on their $4,000 salaries, refused them exemption for living expenses in Ottawa. Cried Liberal Arthur Roebuck: "Members . . . grow poor in the service of the public." Said Tory Richard Burpee Hanson: "There is no other class in Canada which is making sacrifice of time and of ability and of capability and of money comparable to the sacrifices made by members of this Canadian House of Commons...
Patient, politically wise Minister Ilsley listened sympathetically for almost six hours. Then he raised members' hopes by offering to reconsider the problem, dashed them as quickly by adding: "My present belief is that [a change] should not be made for the present members...