POST-WAR CURRENCY
CANADA SUBMITS HER OWN PLAN DEPARTURE FROM AMERICAN PROPOSALS. HELP FOR DEBTOR NATIONS. (By Telegraph—Press Association —Copyright) (Received This Day, 11.35 a.m.) NEW YORK, July 13. Canada has put forth her own proposal for post-war currency mechanism —“a clearing union” designed to facilitate foreign trade. Canada’s proposal sets aside one important provision of the American scheme—the virtual veto power of creditor nations like Britain and America over any international post-war monetary control body. Canada proposes an international creditgranting agency designed to help debtor nations, including some of the present Axis enemies, ovfer the postwar hump, when they require foreign currencies to buy goods abroad. The Canadian plan calls for a capital 8,000,000 to 12,000,000 dolalrs and is not only designed to cover immediate post-war currency problems, but to provide a permanently improved international . currency basis.
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Wairarapa Times-Age, 14 July 1943, Page 4
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137POST-WAR CURRENCY Wairarapa Times-Age, 14 July 1943, Page 4
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