CANADA WELL PLACED

Wairarapa Times-Age, 4 July 1938, Page 7

CANADA WELL PLACED

FINANCIAL & ECONOMIC POSITION BRITISH CHANCELLOR’S PRAISE. RECONCILIATION OF RACIAL OUTLOOKS. (British Official Wireless.) RUGBY, July 2. In proposing the toast of “Canada,” at the Dominion Day dinner of ■ the Canada Club, held in London, at which he was the principal guest, Sir John Simon, Chancellor of the Exchequer, congratulated the Dominion on its satisfactory financial and - economic position.

It was, he said, a tribute to the wellbalanced economy which had been built up by successive Dominion governments that, notwithstanding the depressed world economic conditions and the failure of her own wheat crop, Canada’s accounts for the past financial year showed that revenue for that period was higher than at any previous time in her history. Sir John referred to racial animosity in certain parts of the world, and added that Canada set an example of how the spirit of freedom was best promoted by a reconciliation of the different races and the different points of view.

Mr Vincent Massey, High Commissioner for Canada, who presided at the dinner, said that one of the factors which had helped Canada to stand more firmly on its own economic footing was the development of Imperial trade and the system of preference in operation between . Canada and the other British communities.