Canada adopts pay as you go war financing policy
Graham Towers, governor of the Bank of Canada, tells the United States Bankers Association meeting in Seigniory Club Que that Canada will fund the war through high taxes and internal borrowing with exchange controls. He says Canada met all foreign commitments and is not indebting itself, citing aid to the United Kingdom including a $700 million loan and a March gift of $1 billion in dollars, representing a broader wartime contribution of munitions and supplies.
MENTIONED IN THIS ARTICLE
Que
Canada
United Kingdom
Towers
Canadian National Railways
Massive $8.3 Billion Naval Build Hulls Plan
Washington drafts an $8.3 billion program to build about 500 fighting ships, nearly doubling the fleet. Vinson announces intent to introduce the measure, aiming to finish a two ocean navy within 24 months with aircraft carriers, cruisers, destroyers and patrol vessels. The plan adds to existing authorized ships while a separate Appropriations committee request seeks hundreds of millions in direct funding and over a billion in contracts, including submarine construction.
MENTIONED IN THIS ARTICLE
Washington
Vinson
House of Representatives
Naval Committee
Navy
House Appropriations Committee
Navy, Marine Corps and Coast Guard
Salvage Rules Urge Return of Used Collapsible Tubes
Ottawa warns that it is illegal to destroy or keep used collapsible metal tubes longer than needed and orders delivery to authorized shops. About 250 tubes are needed for tin solder for aircraft parts. In Winnipeg, a new plan aims to cut gasoline and rubber use by over 60 percent through zoned milk and cream collection in Manitoba and Saskatchewan.
MENTIONED IN THIS ARTICLE
Ottawa
Prices and Trade Board
Winnipeg
Manitoba
Saskatchewan
W. H. Musgrove
Manitoba Dairy Association
Canadian Corps Masters Long Marches in England Drill
A Canadian corps conducted a 12 day endurance drill in England, marching 250 to 300 miles against a British corps as mock combat tested for future European operations. Generals Crerar and Montgomery praised the Canadians, noting their disciplined performance and leadership, with observers including Brooke and McNaughton watching closely.
MENTIONED IN THIS ARTICLE
England
Europe
H. D. G. Crerar
B. L. Montgomery
Britain
Montgomery
Alan Brooke
Home Forces
A. G. L. McNaughton
B. Browne
Sugar Rationing Restricts Industrial Use for Bakers
Wartime prices and trade board officials say sugar use for industry is limited to 70 percent of 1941 levels. Bakers may still ice products if the sugar comes from the 70 percent quota, after previous rules allowed 80 percent and banned icing after Easter.
MENTIONED IN THIS ARTICLE
Ottawa
Prices and Trade Board
Donald Gordon
Prices Board
Radio blackout ordered for BC coastal defence area
The Western Air Command of the Royal Canadian Air Force ordered a radio blackout of stations in the British Columbia coastal defence area. W.AC. described the measure as precautionary only.
MENTIONED IN THIS ARTICLE
Victoria
British Columbia
Western Air Command
Royal Canadian Air Force
W.ac
Attack on Alaska May Signal Nipponese Invasion Plan
British naval analyst Rear Admiral Yates Stirling Junior suggests the Japanese attacks on Dutch Harbor could precede a broader invasion of the Soviet Far East. The report notes strategic implications in the Pacific theater.
MENTIONED IN THIS ARTICLE
New York
United Press
Yates Stirling
Dutch Harbor
Soviet Far East
Praise Farm Women Government Expresses Appreciation
Canada’s agriculture department launches a $30 000 advertising campaign in farm publications to thank farm women for wartime service. Officials note women on farms manage families and farm work, help relieve labor shortages, and take part in knitting and Red Cross activities akin to urban women.
MENTIONED IN THIS ARTICLE
Agriculture Department
Red Cross
Postponement Gores Signing of Air Training Plan
Ottawa reports a delay in signing the British Commonwealth Air Training Plan agreement. The June 3 signing was postponed indefinitely as some financial and related terms require further consideration though core provisions appear settled.
MENTIONED IN THIS ARTICLE
Ottawa
Doolittle Signals Possible Encore Raid From Shangri la
Brigadier General James H. Doolittle, famed for leading the Tokyo raid, lounges in the Washington war department and hints at another air strike from Shangri la. In the Caribbean, two U.S. merchant ships have been torpedoed in separate incidents.
MENTIONED IN THIS ARTICLE
War Department
Washington
James H. Doolittle
U.S. Army
Tokyo
Gen. Doolittle
U.S
Shangrila
Caribbean
Ready For Another Smash At Axis
A squadron of Britain’s four motored Stirling bombers is shown serviced and bombed up ready for take-off to strike Axis targets. The large bomb-carrying aircraft form a spearhead for Britain’s aerial offensive and boast a vast cargo capacity and wide cruising radius.
MENTIONED IN THIS ARTICLE
Britain
Noted Chemist Predicts Rubber Shortage until 1945
Dr. H. S. Cramer of Philadelphia told the Canadian Chemical Association that no civilian synthetic rubber will be available before 1945. He said two more years of war will entrench the industry, citing a U N stockpile around 800000 tons and Allied production near 170000 tons annually.
MENTIONED IN THIS ARTICLE
Hamilton
H. S. Cramer
Philadelphia
Canadian Chemical Association
United Nations
Audacious British Raids Behind Libyan Lines
A band of British volunteers in Libya conducted bold raids behind Axis lines starting July 1940. They used standard trucks and camouflage to attack an Axis encampment, engaging 20 men against 800, firing for 25 minutes, capturing two prisoners and destroying trucks with no casualties. The mission earned the leader a Military Cross.
MENTIONED IN THIS ARTICLE
Libya
Italy
Jerry
War in the skies weighs 2 to 1 in RAF tally
The Air Ministry reports Allied air gains at two to one with 5,009 British planes lost versus 10,045 German and Italian planes destroyed across European and Middle Eastern fronts. Germany faced 69 raids and 144 occupations since January 1, and RAF bombed France and Germany with 7,000 tons in four nights. In the Far East, Allies claim over 1,200 Japanese planes shot down.
MENTIONED IN THIS ARTICLE
London
R.A F
Air Ministry
Far East
May Ration Coal in Canada and United States
J McG Stewart Canadian federal coal administrator says rationing may occur in Canada if the United States restricts coal due to transportation shortages. He urges the public to stockpile early and notes plans would resemble U S procedures with advance notice. September 1 to 15 is seen as a deadline for coal transport tied to wheat harvest and war materials.
MENTIONED IN THIS ARTICLE
Toronto
Canada
United States
J. McG. Stewart
Canadian Retail Coal Association
Stewart
Brockington Accepts British Government Adviser Role
Leonard W. Brockington of Ottawa has agreed to serve as adviser on Empire affairs to Brendan Bracken, the British minister of information. He will also speak write and broadcast from Britain and departs soon by sea. He previously visited the UK last year after resigning his wartime post to Prime Minister Mackenzie King.
MENTIONED IN THIS ARTICLE
Ottawa
Leonard W. Brockington
K.C
United Kingdom
Brendan Bracken
Brockington
Britain
Portseas
Mackenzie King
Wartime Rules Ban Farm Machinery Displays at Fairs
Ottawa announces that farm machinery displays will be absent from fairs and the inter provincial plowing match this year under a wartime prices and trade board order. Demonstrations of machinery and equipment including repair parts are prohibited at all fairs.
MENTIONED IN THIS ARTICLE
Ottawa
Prices and Trade Board
John Barrymore Estate Bequeaths to Three Heirs
Los Angeles reports actor John Barrymore left his property to his three children Gordon Leroy, his attorney, disclosed. The veteran actor’s estate, estimated at about a million dollars earned on stage and screen, totals perhaps ten thousand in cash plus a car, household furniture and bric a brac.
MENTIONED IN THIS ARTICLE
Los Angeles
John Barrymore
Gordon Leroy
Also Mentioned on This Page
Navy Construction
Alaska
Say
Ing
the Farm Women of Canada
Axis
C.P.R
Canadian Pacific
Ogden
Calgary
R. Alderman
F. M. W. Harvey
V.C
Military District No 13
J. L. Gubbins
W. A. Mather
Western Lines
Canadian Pacific Railway
H. B. Bowen
Gemany
Cologne
Essen
Germany
France
Leonard Brockington Accedes
Confederation
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