OTTAWA BENEFITS
CAN ADA DISAPPOINT]''. D
OTTAWA, December 8
The Prime Minister, Mr Bennett, is visiting England to discuss, among other matters relating to the Ottawa Conference, the fact that under present arrangements rod exchange rates those benefits expected by Canada from the agreements are vanishing.
One of his chief' concerns will be- to investigate the recent failure of a delegation from British Columbia lumbermen. who visited London only to find English importers entering into longer and larger contracts .with Baltic timber producers
From all parts cf Canada, especially from the western prairie- farmers, are coming demands for a mild inflation of the currency, at least following the course of sterling, which, if the present debt negotiations with the Unit.d States fail, is expected to be still further depressed"ini terms of United States currency.
It may be that Canada will, before long, abandon the gold standard, and the Canadian dollar may next year stand at about (>() cents in relation to United States currency.
One great objection to this policy is the commitment of the Canadian Fedora] Government and the provinces to repayment/ of loans in New York funds
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Hokitika Guardian, 21 December 1932, Page 8
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188OTTAWA BENEFITS Hokitika Guardian, 21 December 1932, Page 8
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