NEW MONETARY SCHEME
LORD ROTHERMORE’S PLAN. DISCUSSED WITH CANADA’S PREMIER. VANCOUVER, September 5. A Murray Bay (Quebec) report states that Lord Bothermere( who is spending a vacation there, advanced a new monetary scheme, which he said he had discussed with the Premier, the Rt. Hon. R. B. Bennett, recently. “If Canadian currency was linked with that of Australia and New Zealand at a discount of 25 per cent, in ratia to sterling, and if the Canadian dollar was worth intrinsically 75 cents, Canada would be able to undersell nearly all the primary producing countries in wheat, lumber, meat products and base metals.’’
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Hawke's Bay Tribune, Volume XXIII, Issue 227, 7 September 1933, Page 9
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102NEW MONETARY SCHEME Hawke's Bay Tribune, Volume XXIII, Issue 227, 7 September 1933, Page 9
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