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Desperately resolved to raise money and avert default, the Dominion of Newfoundland recently offered to sell Labrador to Canada (TIME, Dec. 28), later hinted that rich U. S. citizens might be invited to lease Labrador-than which, from a British standpoint, nothing could be more deplorable. In St. John's one night last week harassed Newfoundland Premier Sir Richard Anderson Squires sat up to wee hours bickering and dickering with representatives of a syndicate of four Canadian banks. Was it a sale? Next day in Montreal, Canada, where most of Newfoundland's fiscal news breaks first, eager newshawks...

Author: /time Magazine | Title: NEWFOUNDLAND: Situation Saved! | 1/11/1932 | See Source »

Still abounding in a multitude of fish, Newfoundland gestured loyally toward the Royal Family last week, adopted a new set of stamps particularly pleasing to George V. His Majesty appears on the two-center, Her Majesty on the three-center and Edward of Wales on the four-center. Newfoundland's 6? stamp is reserved for the King-Emperor's favorite granddaughter, famed "Baby Betty," Princess Elizabeth of York...

Author: /time Magazine | Title: NEWFOUNDLAND: Situation Saved! | 1/11/1932 | See Source »

Clutching her teddy bear, the curly-haired Princess sits upon Newfoundland's new stamp between a Scotch thistle and an English rose...

Author: /time Magazine | Title: NEWFOUNDLAND: Situation Saved! | 1/11/1932 | See Source »

Other new Newfoundland stamps: 1? catch of cod; 5? caribou; 10? leaping salmon; 14? Newfoundland dog; 15? baby seal; 20? view of Cape Race; 25? fleet of sealing boats; 30? fleet of fishing smacks...

Author: /time Magazine | Title: NEWFOUNDLAND: Situation Saved! | 1/11/1932 | See Source »

...Canadian Government did not turn down the proposition," said Sir William sadly, "but was unable to deal with the matter while the financial depression in Canada continued. Of course Newfoundland would not dream of selling the sovereignty of Labrador to any country but Canada, but there would be no objection to leasing the territory for a 99-year term to any interests which would submit satisfactory guaranties...

Author: /time Magazine | Title: NEWFOUNDLAND: $100,000,000 Asked | 12/28/1931 | See Source »

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