EXTERNAL INCOME
FAVOURABLE POSITION SHOWN IN CANADA. OTTAWA. Canada’s external income in 1937 from the sale abroad of merchandise and gold and from the services provided in the Dominion for tourists from other countries was more than sufficient to cover current external payments, such as interest and dividends to investors in other countries. The Dominion Bureau of Statistics reports that “the resulting excess of income over payments produced a surplus of external credits that made it possible for Canada to make outward payments on capital account for such purposes as the retirement of Canadian bonds and debentures owned in other countries.”
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Wairarapa Times-Age, 4 February 1939, Page 5
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101EXTERNAL INCOME Wairarapa Times-Age, 4 February 1939, Page 5
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