CANADA’S BUDGET
DISCLOSURE OF RECORD REVENUES DIFFICULT BARGAINING WITH U.S.A. DENUNCIATION OF SOCIAL CREDIT. (Recd This Day, 12.30 p.m.) OTTAWA, June 16. The Budget presented by the Minister of Finance (the Hon C. Dunning) in the House of Commons reveals record revenues and a thirteen million dollars deficit—the lowest for eight years. A twenty-million dollars grant for drought relief to Saskatchewan prevented a balanced budget. There are no tariff changes. Trade increased by 154 million dollars. Exports are up seven million dollars. Mr Dunning stated that trade treaty negotiations with the United States ,vere difficult. Canada was insisting hat tariff reductions must be bilateral, defending his self-styled easy money jolicy, Mr Dunning vigorously assail.■d “the new economics.” Demands hat no interest be paid on Government loans and something out of'nothing theories meant inflation, booms and eventual collapse. Thunderous applause marked the challenge to Social Credit.
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Wairarapa Times-Age, 17 June 1938, Page 8
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145CANADA’S BUDGET Wairarapa Times-Age, 17 June 1938, Page 8
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