PRICE CEILING
HOLDING FIRM IN MAIN IN CANADA. OTTAWA, July 3. After nineteen months the price ceiling holds firm in the main, the Minister of Finance, the Hon. J. L. Ilsley, told the Canadian House of Commons. From November 1, 1941, to May 1, 1943, the cost of living index rose cnly 14 per cent. During the same period the United States index rose 12 per cent. Each increase of one point in the index costs the consuming public 34,000,000 dollars a year. If there had been the same rise this war as in the last the cost to the public in 1942 would have been 350,000.000 dollars. The cost of subsidies to maintain the ceiling was 38,000.000 dollars in the last fiscal year, and for the present fiscal year is estimated at 120.000.000 dollars.
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Wairarapa Times-Age, 15 July 1943, Page 3
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135PRICE CEILING Wairarapa Times-Age, 15 July 1943, Page 3
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